花旗发表报告指将英伟达的目标价从210元下调至200美元以反映上周博通表示其XPU按年增长加速(受新旧客户推动)后202

智通财经
Sep 09, 2025
花旗发表报告指将英伟达的目标价从210元下调至200美元以反映上周博通表示其XPU按年增长加速(受新旧客户推动)后2026年GPU销售额下降约4%;并估计上述交易将对英伟达2026年销售额造成约120亿美元的GPU销售影响。该行对英伟达修订后的2025、2026年预估仍高于共识预期2%、5%因新兴云端及主权AI支出增加。重要的是花旗的预估未包括中国市场若英伟达恢复对中国的GPU出货可能带来上行空间;新目标价200美元基于修订后的2026年每股盈利乘以一致的30倍市盈率;维持“买入”评级看好其在AI长期增长机会中的优势。

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