Intel stock spikes after report of possible US government stake
Investing.com - Mizuho raised its price target on Nvidia (NASDAQ:NVDA) to $205 from $192 on Wednesday, while maintaining an Outperform rating on the chipmaker’s stock. The stock, currently trading near its 52-week high of $184.48, has delivered a remarkable 57.76% return over the past year.
The firm cited strong AI server outlook based on Taiwan ODM revenue data, with Wistron up 59% quarter-over-quarter and Wiwynn/Foxconn up 23% quarter-over-quarter, which it views as positive for Nvidia’s July quarter results.
Mizuho highlighted significant near-term ramps at xAI, Crowdstrike, and Oracle Cloud Infrastructure, along with Microsoft leading hyperscaler deployments, as additional growth drivers for Nvidia.
The research firm maintained its July quarter revenue and EPS estimates at $46.2 billion and $1.01, respectively, but raised its fiscal 2026 estimates from $207 billion and $4.48 to $208 billion and $4.51.
Mizuho also noted that China’s granted licenses could drive 300,000-500,000+ GPUs annually for AMD and Nvidia in calendar 2026, while strong GB200/300 ramps in October and January quarters position Nvidia for continued upside.
In other recent news, Nvidia has agreed to pay 15% of its Chinese H20 chip sales to the U.S. government, as confirmed by President Donald Trump. This agreement was part of negotiations to secure export licenses, with Nvidia CEO Jensen Huang successfully negotiating the payment down from an initial 20% request. Piper Sandler has also raised its price target for Nvidia to $225, citing potential growth in the Chinese market and maintaining an Overweight rating on the stock. The research firm anticipates Nvidia will deliver strong quarterly results, with potential upside for both the July and October quarters. Additionally, Nvidia has unveiled new AI tools at the SIGGRAPH conference, aimed at advancing robotics development through Omniverse libraries and Cosmos world foundation models. These tools are designed to assist developers in creating digital twins and building AI agents. Nvidia also announced that its RTX PRO 6000 Blackwell Server Edition GPU will be integrated into standard 2U enterprise servers from major manufacturers, expanding GPU acceleration in traditional data centers. This integration will be supported by global system partners such as Cisco, Dell Technologies, HPE, Lenovo, and Supermicro.
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