Reported 2 months ago
Mizuho has upgraded Nvidia's stock forecast to $132, noting that upcoming earnings on August 28 will serve as a crucial catalyst for AI-related stocks. Their analysis indicates that despite delays in Nvidia's Blackwell chip, demand for its current GPU products remains robust. With Nvidia's ability to increase prices on future chips, the bank anticipates significant revenue growth, projecting nearly $200 billion by 2027.
Source: YAHOO