AI chip demand remains strong, Mizuho sings praises for NVIDIA ahead of earnings
Mizuho Securities has raised NVIDIA's target price from $127.50 to $132. NVIDIA's accelerator series orders remain strong, with CoWoS supply improving. It may revisit B200A and 210A in the second half of 2025 and some time in 2026. NVIDIA is scheduled to announce its financial report on August 28th, with expected revenue of $28.54 billion and earnings per share of $0.64. The stock price has fluctuated recently but is still up 112% year-to-date
According to the financial news app Zhitong Finance, Mizuho Securities has raised the target price of NVIDIA (NVDA.US) from $127.50 to $132 before the semiconductor company's second-quarter earnings release later this month.
Analyst Vijay Rakesh stated that NVIDIA's accelerator series orders remain strong, with TSMC's (TSM.US) CoWoS (Chip-on-Wafer-on-Substrate) capacity still tight due to the continued growth of NVIDIA's H100 and H200 GPUs.
However, NVIDIA is now transitioning to using the NVL36/72 Blackwell production line, which utilizes CoWoS-L technology for packaging.
Rakesh mentioned that despite reports of potential delays in mass production of the Blackwell line until early next year, the demand for it remains unchanged.
Lastly, Rakesh suggested that with the improvement in CoWoS supply for AI servers in the mid-to-low budget range, NVIDIA may reintroduce the B200A and 210A models in the second half of 2025 and at times in 2026.
NVIDIA is scheduled to announce its financial results after the U.S. market closes on August 28. Analysts generally expect the company's revenue to be $28.54 billion, with earnings per share of $0.64.
As of the time of writing, NVIDIA's pre-market trading is up by 0.50% at $105.50. Despite recent fluctuations, NVIDIA's stock has risen by 112% year-to-date