Deutsche Bank Lifts NVIDIA Price Target to $220 Following $68.1B Q4 Revenue
Deutsche Bank raised NVIDIA’s price target to $220 from $215 after Q4 revenue reached $68.1 billion, up 20% sequentially and 73% year-over-year. CEO Huang confirmed NVIDIA cut its OpenAI stake from $100 billion to $30 billion and paused new startup equity investments after committing $10 billion to Anthropic.
1. Revenue Beat and Price Target Increase
In the fourth quarter, NVIDIA reported revenue of $68.1 billion, marking 20% sequential growth and 73% year-over-year. Following this performance, Deutsche Bank raised its price target to $220 from $215 while maintaining a Hold rating, citing strong fundamentals and hyperscaler demand.
2. Investment Strategy Shift
CEO Jensen Huang revealed that NVIDIA reduced its planned OpenAI investment from $100 billion to roughly $30 billion and has paused new equity investments in AI startups after committing $10 billion to Anthropic. The move reflects a pivot to avoid conflicts as NVIDIA continues supplying GPUs to competing AI developers.