Melius notes that Nvidia’s stock could reach their $160 target fairly quickly. Initially, they were worried about issues with Nvidia’s new Blackwell chips, such as a three-month delay due to possible overheating and design problems. However, despite these concerns, they believe that the production of Blackwell systems could still be strong by April 2025. Their … Continue reading Nvidia’s Path to $160: Strong LLM Training and Potential Upside Amid Blackwell Concerns