Nvidia Earnings Report: Wall Street Upgrades Price Target Ahead of Q2 Release

Wall Street analysts are bullish on Nvidia ahead of the company’s upcoming second-quarter earnings report, lifting its price target from $175 to $205 less than a week before. UBS analyst Timothy Arcuri predicts a substantial revenue beat for the quarter, citing strong demand for data center infrastructure and new orders from Nvidia’s rack partners. Arcuri notes that Nvidia could benefit from its recent deal with the U.S. government, which allows it to sell H20 chips to China under controlled conditions. The sale of these chips will generate revenue for the US government and may allow Nvidia to re-use previously written down inventory.