J.P. Morgan believes that the core problem Nvidia is currently facing is not insufficient demand, but that supply capacity limits its room for growth. Nvidia management recently told J.P. Morgan that if supply restrictions are lifted, the company's business scale may even double year-on-year. After meeting with Nvidia's investor relations team, J.P. Morgan analyst Harlan Sur maintained an “plus” rating on Nvidia and maintained the target price at $320. Nvidia management expects the company's business to grow by about 70% year over year in fiscal year 2028, but Sur believes that judging from the current customer demand situation, the actual potential growth potential may be stronger. At the same time, Nvidia's visibility into future demand is also increasing. Sur said that the reason why the company's management gave a growth forecast for the 2028 fiscal year ahead of time was because there was a clear gap between its internal demand judgments and Wall Street forecasts. Releasing this expectation ahead of time will also help suppliers and other partners plan production capacity in advance for higher future demand levels.

J.P. Morgan believes that the core problem Nvidia is currently facing is not insufficient demand, but that supply capacity limits its room for growth. Nvidia management recently told J.P. Morgan that if supply restrictions are lifted, the company's business scale may even double year-on-year. After meeting with Nvidia's investor relations team, J.P. Morgan analyst Harlan Sur maintained an “plus” rating on Nvidia and maintained the target price at $320. Nvidia management expects the company's business to grow by about 70% year over year in fiscal year 2028, but Sur believes that judging from the current customer demand situation, the actual potential growth potential may be stronger. At the same time, Nvidia's visibility into future demand is also increasing. Sur said that the reason why the company's management gave a growth forecast for the 2028 fiscal year ahead of time was because there was a clear gap between its internal demand judgments and Wall Street forecasts. Releasing this expectation ahead of time will also help suppliers and other partners plan production capacity in advance for higher future demand levels.