Seaport Research Partners kept a Sell rating on Nvidia with a $140 price target, about 21% below its last close, warning that AI build-out costs and prepaid cloud compute commitments could strain its balance sheet. Competitor Qualcomm forecasts $2–5 billion in annual AI data-center chip sales by fiscal 2028, while CoreWeave equips two Stockholm campuses with Nvidia's Blackwell architecture, intensifying competition and demand.
Seaport Research Partners retained a Sell rating on Nvidia with a $140 price target, roughly 21% below its last closing price. The firm cited growing obligations tied to AI spending and prepaid cloud compute commitments as potential sources of balance-sheet strain.
At its investor day, Qualcomm forecast $2–5 billion in annual AI data-center chip revenue by fiscal 2027-28, signaling intensifying competition in the segment dominated by Nvidia. The San Diego-based company plans to ship CPUs, inference accelerators, and custom ASICs by year-end.
CoreWeave secured a co-location deal in Stockholm, adding two renewable-powered campuses running Nvidia’s Blackwell architecture over InfiniBand networks. This expansion brings CoreWeave’s European site count to eight, boosting demand for Nvidia hardware across AI labs and enterprises.
