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Mizuho has increased its price target for Nvidia to $132, indicating a potential upside of 26%. The upcoming earnings report is expected to serve as a significant catalyst for AI stocks, despite concerns over delays in Nvidia's Blackwell chip. Demand for Nvidia's GPU chips remains robust, with the bank emphasizing that any delays will only postpone revenue, not affect demand.
Nvidia's ability to raise prices on its next-generation chips is crucial, as it will enhance the average selling price of its AI-enabled GPUs. Mizuho projects Nvidia's revenue could reach nearly $200 billion by 2027, significantly up from $61 billion in 2024. The firm views Nvidia as a leader in the AI GPU market, with AMD as a secondary player.
• Mizuho predicts Nvidia's earnings report will boost AI stock performance.
• Nvidia's GPU demand remains strong despite potential chip delays.
Nvidia's GPUs are critical for AI applications, driving demand in the market.
The article highlights Nvidia's focus on increasing the average selling price of these GPUs.
Mizuho's projection for Nvidia's revenue growth underscores the company's anticipated success in the AI sector.
The company is positioned as a frontrunner in the AI GPU market, with significant demand for its products.
It is recognized as a secondary player in the AI GPU space, competing with Nvidia.
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