Stifel is staying bullish on Nvidia ahead of the graphics processing unit designer’s subsequent earnings launch due out Wednesday. The agency maintained its chubby score on the inventory, whereas elevating its price target to $212 from $202. This up to date forecast implies shares may rise 19% from their Friday shut. Analyst Ruben Roy pointed to “accelerating broad-based demand” for Nvidia’s GB300 platform as a tailwind for the corporate. “Our supply chain discussions continue to point to expectations for ramping GB300 orders into year-end even as sustained GB200 demand continues,” he wrote. “We expect a modest F2Q beat relative to consensus, as a function of prudent guidance, still-strong CapEx commentary from CSPs, de-risked China headwind with potential sales benefit, and healthily-ramping product sales with seemingly limited supply-chain disruption.” NVDA YTD mountain NVDA YTD chart Nvidia’s market management can be strong, Roy stated. Exiting 2025, he expects a complete addressable market of greater than $100 billion, whereas in the long term this may method $1 trillion. He added that regardless of Nvidia’s sturdy year-to-date runup, shares nonetheless look engaging at their present costs. “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 analyst wrote. “We continue to view shares as attractively valued within the context of continued AI leadership positioning.” Investors up and down Wall Street are awaiting Nvidia’s outcomes, with many analysts bullish on the inventory heading into the report. LSEG information exhibits that 58 of 65 analysts overlaying the chipmaker price shares as purchase or sturdy purchase. Shares of Nvidia have jumped 33% this 12 months.