NVIDIA Datacenter GPU Revenue Forecast Trimmed Amidst Blackwell Issues and Export Controls
A major bank reduces NVIDIA's CY2025 datacenter GPU revenue forecast due to slower Blackwell ramp-up and export controls, while reports of overheating
A major global bank, HSBC, has revised its forecast for NVIDIA's CY2025 datacenter GPU revenue due to concerns about a slower ramp-up of its Blackwell architecture GPUs and the impact of new US export controls on AI chips. This comes amid reports of overheating and glitching issues with NVIDIA's new Blackwell AI servers, further complicating the picture for the chipmaker. HSBC Reduces NVIDIA's Revenue Outlook HSBC analyst Frank Lee expects NVIDIA to face "increasing pressure" to deliver a stronger ramp-up of its GB300/B300 platform in the second half of FY26 (roughly aligning with CY2025) to offset a potentially weaker first half. Lee now forecasts NVIDIA will sell approximately 35,000 NVL72-equivalent AI server racks in CY2025, down from a previous estimate of 41,500. This has led to a reduction in the full-year datacenter revenue estimate to $236 billion, down from $253 billion. Further, the bank has lowered its NVIDIA target price from $195 to $185. HSBC's be…