UBS Reiterates Buy on NVIDIA (NVDA) with $205 Target, Says Taiwan Export Data Aligns with Growth Trends

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks on the Market’s Radar. On October 10, UBS analyst Timothy Arcuri reiterated a Buy rating on the stock with a $205.00 price target. Analysts at the firm believe Taiwan export data to be largely in-line with Nvidia’s data center growth trends.

“The Taiwan Ministry of Finance released September export data overnight, including Automatic Data Processing Equipment (ADP). ADP ex laptops was $14.07B, -16.03% M/ M from August’s $16.80B, coming in well below seasonal (-2.5% M/ M) and marking it the second consecutive below-seasonal September after being up 29% M/M in August."

"Assuming October constitutes a “normal” 36% of total FQ3 (Oct Q), this would imply- $48B of exports- an increase of ~20% Q/Q (after already increasing 14% Q/Q in FQ2). This is about in-line with the ~22% Q/Q growth we model for NVDA data center revenue so while this data has decoupled with NVDA’s results in recent periods, we read the data thus far this Q overall in line.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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