BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Stifel Analyst Bullish on Nvidia Ahead of Q2 Earnings, Highlights AI Chip Demand
Stifel Analyst Bullish on Nvidia Ahead of Q2 Earnings, Highlights AI Chip Demand
21
1
BTCCSquare news:
Nvidia's upcoming Q2 FY26 earnings report on August 27 has drawn a bullish outlook from Stifel analyst Ruben Roy, who maintains a Buy rating and raised his price target to $212. The AI hardware leader is expected to surpass Wall Street's $45.8 billion revenue estimate, fueled by hyperscaler spending and resumed shipments of H20 chips to China.
Demand for Blackwell architecture remains robust despite murmurs of an AI bubble, with Roy noting Nvidia's supply chain shows no material constraints. The GB300 chip's impending release further solidifies the company's dominance in accelerating AI workloads—a sector increasingly relevant to blockchain infrastructure and GPU-dependent mining operations.
By:
