NVIDIA (NVDA): UBS Sees More Upside as AI Demand Stays Healthy
Key takeaways
- On May 11, analysts at UBS reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and a $245 price target.
- While a significant drop, it reflects normalization following the March exceptional 127.7% increase due to post-Lunar New Year catch-up activity.
- On the other hand, the $23.5 billion absolute figure remains elevated, affirming healthy underlying artificial intelligence-driven demand.
NVIDIA (NVDA): UBS Sees More Upside as AI Demand Stays Healthy Neha Gupta Sun, May 17, 2026 at 11:49 PM GMT+7 2 min read NVDA 066570.KS ADP NVIDIA Corporation (NASDAQ:NVDA) is one of billionaire Steve Cohen’s large-cap stock picks with the highest upside potential. On May 11, analysts at UBS reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and a $245 price target.
The research firm remains bullish about Nvidia’s long-term outlook after the Taiwan Ministry of Finance announced April export data showing Automatic Data Processing equipment reached $23.5 billion, down 28.5% month over month. While a significant drop, it reflects normalization following the March exceptional 127.7% increase due to post-Lunar New Year catch-up activity.
On the other hand, the $23.5 billion absolute figure remains elevated, affirming healthy underlying artificial intelligence-driven demand.