FTSE 100 today: closes higher as UK inflation surprises; GBP lower, Ithaca report
Investing.com - Deutsche Bank (ETR:DBKGn) has maintained its Hold rating and $155.00 price target on Nvidia (NASDAQ:NVDA), currently trading near its 52-week high of $184.48, ahead of the company’s fiscal second-quarter 2026 earnings report. According to InvestingPro data, the chip giant commands a market capitalization of $4.29 trillion and trades at a P/E ratio of 56.11.
The chipmaker is scheduled to release its financial results after market close on Wednesday, August 27, followed by a conference call at 5:00 PM ET to discuss the performance. With an excellent financial health score and impressive revenue growth of 86% over the last twelve months, investors are closely watching this earnings release.
Deutsche Bank expects Nvidia to beat its revenue guidance by approximately $2 billion, with actual revenue likely reaching around $46 billion, representing a 4% quarter-over-quarter increase and 53% year-over-year growth.
The bank attributes the anticipated outperformance to the continued ramp of Blackwell chips, which generated approximately $24 billion in fiscal first-quarter revenues compared to about $11 billion in the fourth quarter, offsetting concerns related to China business restrictions.
Looking forward, Deutsche Bank notes that Nvidia’s recently acquired license to resume shipments to China could create upside to its fiscal third-quarter revenue estimate of $50 billion, though the timing of the shipment ramp and ability to recapture the entirety of the approximately $18 billion in lost annual revenue remains unclear. For deeper insights into Nvidia’s China strategy and comprehensive financial analysis, access the detailed Pro Research Report available on InvestingPro, which covers 20+ key investment factors for NVDA.
In other recent news, Nvidia’s stock price target was raised by TD Cowen from $175 to $235, maintaining a Buy rating. The firm highlighted Nvidia’s strong fundamentals and a smooth transition between its Blackwell and Blackwell Ultra products. Nvidia also announced a major upgrade to its GeForce NOW cloud gaming platform, incorporating the Blackwell architecture. This upgrade will offer GeForce RTX 5080-class performance, enabling streaming up to 5K resolution at 120 frames per second without increasing membership prices. Meanwhile, US Commerce Secretary Lutnick expressed hopes for Intel (NASDAQ:INTC) to play a significant role in the semiconductor industry. Lutnick mentioned that the US might convert funding for Intel into an equity stake, emphasizing the need for American-made transistors. Additionally, Treasury Secretary Bessent announced plans to increase tariffs on India due to its purchase of Russian oil, criticizing India’s actions as "profiteering." Bessent also mentioned the possibility of a bilateral meeting between Russian President Putin and Ukrainian President Zelenskiy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.