S&P 500 cuts losses as Nvidia climbs ahead of results
Investing.com -- Stifel raised its price target on Nvidia shares to $212 from $202 in a note on Monday, citing strong demand prospects for the company’s next-generation GB300 chips and resilient momentum in its AI infrastructure business.
The firm maintained a Buy rating on the stock.
Ahead of Nvidia’s fiscal second-quarter 2026 results on Aug. 27, Stifel said it expects “a beat/raise scenario with H20 shipments resumed in July, coupled with accelerating broad-based demand for GB300 infrastructure.”
The analysts added that supply chain discussions “continue to point to expectations for ramping GB300 orders into year-end even as sustained GB200 demand continues.”
Stifel highlighted that investor focus is likely to remain on three areas: “(1) hyperscaler demand and sustainability of infrastructure investment, particularly in lieu of recent concerns regarding an ‘AI bubble’ and reports of an underwhelming GPT-5 launch, (2) potential incremental impacts related to China export restrictions and growing calls for self-reliance, and (3) potential margin pressure on early GB300 ramps.”
Despite these concerns, the bank said it remains confident in Nvidia’s position.
“We continue to believe that NVDA’s leadership positioning in AI infrastructure remains unchallenged, and we expect GB300 specifications (50% higher FP4 performance) to remain best-in-class as inference/reasoning complexity continues to increase,” the analysts wrote.
On valuation, Stifel said: “We continue to view shares as attractively valued within the context of continued AI leadership positioning.”
Nvidia has been at the center of investor debate as AI-related spending accelerates, with its upcoming results seen as a key test of demand durability.