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Nvidia stock in focus ahead of Aug. 26 earnings as Vera Rubin eyed
An analyst at GF Securities raised Nvidia’s price target to $345 from $308, citing increasing orders from major US cloud providers ahead of the company’s Aug. 26 report.
Nvidia’s shares are back in focus ahead of the company’s Aug. 26 earnings report, with GF Securities analyst Jeff Pu pointing to Nvidia’s next generation Vera Rubin platform as a potential driver of its next growth cycle, according to Yahoo Finance.
Pu also raised his Nvidia stock price target to $345 from $308 while keeping a Buy rating, arguing that increasing orders from major US cloud providers support the outlook.
The article frames the debate as investors looking beyond Nvidia’s current Blackwell business and testing whether the company can sustain AI leadership through 2027 and beyond, as attention shifts to whether hyperscalers can generate sufficient returns on AI spending.
Nvidia has described itself as more than a chip maker, building an AI software ecosystem around its purpose built hardware, and the piece notes the company’s gross margins have remained above 70%. It also says the stock is up about 15% year to date, after reaching a record high of $236.54 on May 14.