Nvidia’s AI leader, Blackwell, is set to drive significant growth in the next few quarters, with multiple configurations and a mid-year upgrade expected to ramp up sales. According to the I/O Fund’s premium members, Blackwell sales are likely to exceed GPU sales from 2023 and 2024 combined, bringing Nvidia’s data center revenue to $200 billion.
Analysts have increased their forecasts for Blackwell shipments in Q4 and Q1, with estimates ranging from 250,000 to 300,000 units. This is a significant increase compared to previous views, which saw Q4 shipments of 150,000 to 200,000 units ramping to 550,000 in Q1.
Nvidia’s strong position in 2025 is attributed to increased pricing power with Blackwell, rising output and shipment estimates, growing AI capex, and the upcoming launch of GPU clusters. The company also benefits from the end of its fiscal year early next year, which may result in lower earnings forecasts for 2026.
The I/O Fund’s analysis suggests that Nvidia is setting up for a swing higher, with potential targets ranging from $165 to $193. However, any further weakness below $116 could lead to a correction. The semiconductor sector’s performance also warrants attention, as its divergence from the broader market has warned of potential volatility.
The I/O Fund has an aggressive buy plan at key levels and recommends strict risk controls for new long positions. With the potential next swing worth playing, investors should consider Nvidia’s bright future.
Source: https://www.forbes.com/sites/bethkindig/2024/12/23/where-i-plan-to-buy-nvidia-stock-next