Nvidia is preparing to launch a new generation of Blackwell GPU B100 and B200 in a few months, which analysts say should stimulate a new round of growth.
It is learned from the WiseStocks APP that Nvidia (NVDA.US) is preparing to launch a new generation of Blackwell GPU B100 and B200 in a few months, which analysts say should stimulate a new round of growth.
In a report on Monday, Piper Sandler analysts Harsh Kumar and Robert Aguanno said:"We believe that the strong business trends exhibited by Nvidia last year will continue with the formal launch of the Blackwell architecture in the third quarter. With the introduction of the new architecture, we believe that there is potential for new growth, as demand from cloud computing service providers (CSPs), enterprises, and sovereign countries is still strong."
Piper Sandler reiterated its 'shareholding' rating on Nvidia and raised its target price from $120 to $140.
Kumar added:"Nvidia has seen strong pre-orders for its new Blackwell products, as well as strong pre-orders for existing products such as H100 and H200 (to be launched in the second quarter of 2025)."
Piper Sandler expects Nvidia's quarterly revenue for the quarter ending in July to exceed expectations by about $2 billion. In the previous quarter's financial report, Nvidia's revenue exceeded expectations by $1.48 billion.
Loop Capital also raised Nvidia's target price from $120 to $175 and maintained a 'buy' rating on the stock.
It is reported that Nvidia is expected to start shipping B100 and B200 around October, and a few months later will release the Grace Blackwell GB200 super chip.
Nvidia is scheduled to announce its latest quarterly financial results on August 28 Eastern Time. Analysts expect the company's earnings per share to reach $0.64 and revenue to reach $28.45 billion.