Stifel raised the firm’s price target on Nvidia (NVDA) to $250 from $212 and keeps a Buy rating on the shares. The firm increased estimates ahead of the company’s Q3 earnings report on November 19. Nvidia CEO Jensen Huang’s recent keynote outlined the company’s “ongoing positioning as the backbone” of artificial intelligence infrastructure, underpinned by more than $500B in cumulative order book for Blackwell and Rubin infrastructure spanning 2025 and 2026, the analyst tells investors in a research note. Stifel believes AI compute demand is likely to scale higher and views Nvidia as best positioned to benefit.
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