Nvidia Surges as Barclays Sees $200 Target on Blackwell Momentum

Nvidia’s impressive rebound continues to gather steam, with Barclays now forecasting a price target of $200, driven by accelerating demand for the company’s next-gen Blackwell chips.

The stock rose nearly 2% on Monday, closing just shy of record territory at $144.69.

The upgraded outlook follows Nvidia’s recent GTC event in Paris and CEO Jensen Huang’s appearance at VivaTech in France, both showcasing the company’s aggressive AI push. Barclays analyst Tom O’Malley boosted his revenue estimates for Nvidia’s compute segment, now expecting $42 billion in Q3 and $48 billion in Q4—well above Wall Street consensus.

While Blackwell wafer output is running at 30,000 units monthly—short of the original 40,000 target—production is stable and utilization remains high. Mass shipments of Blackwell Ultra are slated for the third quarter, with full systems expected to drive a growing share of revenue, potentially reaching 50% by October.

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Nvidia’s expansion into sovereign AI markets, including recent deals with Saudi Arabia and the UAE, is helping offset a major revenue dip from U.S. export restrictions to China. The company is bracing for an $8 billion impact this quarter following a $4.5 billion shortfall linked to those curbs.

Despite geopolitical friction, Nvidia’s performance remains strong. With Blackwell demand heating up and international interest rising, Barclays now sees the chipmaker as its top pick for the rest of 2025.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.