Stifel raised the firm’s price target on Nvidia (NVDA) to $212 from $202 and keeps a Buy rating on the shares ahead of the fiscal Q2 report on August 27. The firm expects a Nvidia to report a beat with a guidance raise as H20 shipments resumed in July, coupled with accelerating demand for its GB300 infrastructure. Stifel’s supply chain checks continue to point to expectations for ramping GB300 orders into year-end even as sustained GB200 demand continues, the analyst tells investors in a research note. The firm continues to view Nvidia shares as attractively valued.
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