Stifel anticipates NVIDIA’s earnings will beat expectations, with the chipmaker set to raise its forward guidance. The investment firm reaffirms a "Buy" rating on NVIDIA and a $282 price target.
49 minutes ago
Wall Street investment bank Stifel analyst Ruben Roy maintained a "Buy" rating and $282 price target ahead of NVIDIA (NVDA)’s Q2 fiscal 2027 earnings release on August 26, projecting the chipmaker will beat consensus estimates this quarter and raising its forward guidance. Stifel noted that this earnings cycle continues to reinforce the AI demand thesis: cloud service providers have sharply lifted capital expenditures, Hon Hai’s cloud networking product business revenue accounted for over 50% for the first time, and the firm projects full-year AI rack shipments will more than double; Supermicro added over $60 billion in new orders in the quarter. Supply chain research shows that even as NVIDIA’s Vera Rubin chip ramps up production, demand for the GB300 is expected to persist through the first half of 2027. Stifel views this as reducing the risk of a demand "gap" during NVIDIA’s product generation transition. Regarding market concerns such as storage costs and competition in the AI inference space, Stifel argues these factors will likely impact gross margins rather than demand, and the associated risks are already partially priced into current valuations.
The White House Tech Leadership Summit is taking place today, with Trump attending alongside the chairs of the SEC and CFTC and multiple crypto industry executives.
8 minutes ago
The yield on the 30-year U.S. Treasury note fell 10 basis points intraday to 5.18%.
8 minutes ago
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X Layer launches RWA ecosystem liquidity incentive program, with a total incentive pool of $5 million.
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Binance Blockchain Week will be held in Bangkok, Thailand in November, focusing on the integration of traditional finance and the crypto industry.
8 minutes ago
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