Baird Analyst Raises Nvidia Price Target Ahead of Earnings, Citing AI Chip Demand
Nvidia's stock (NVDA) gains bullish momentum as Baird analyst Tristan Gerra lifts his price target to $225 ahead of the company's Q2 FY26 earnings report on August 27. The upgrade reflects accelerating shipments of GB200 AI chips and anticipation for the late-September GB300 launch, which promises significant performance improvements.
Taiwan Semiconductor's planned capacity expansion for advanced chip production signals strong growth prospects through 2026. The AI hardware sector shows no signs of slowing, with xAI-related shipments expected to contribute meaningfully in fiscal Q4.