Odaily Planet Daily reports: Prior to NVIDIA’s release of its Q2 fiscal 2027 earnings on August 26, Wall Street investment bank Stifel maintained its “Buy” rating and $282 price target, anticipating stronger-than-expected results and raised guidance. Analysts believe that continued upward revisions in cloud service providers’ capital expenditures, Hon Hai’s AI server revenue share surpassing 50% for the first time (with full-year AI rack shipments expected to more than double), and Supermicro securing over $60 billion in new orders in a single quarter all reinforce the AI demand thesis. Supply chain research indicates that even as Vera Rubin begins mass production, demand for GB300 is expected to persist through the first half of 2027, reducing the risk of a demand gap during the product transition period. Regarding concerns over storage costs and competition in AI inference, Stifel believes these factors primarily impact gross margins rather than demand, and that these risks are already partially reflected in current valuations.
Stifel Maintains Buy Rating on NVIDIA with $282 Target Price Ahead of Q2 Earnings
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Summary
Stifel maintains a 'buy' rating on NVIDIA with a $282 price target ahead of its Q2 2027 earnings on August 26. The firm highlights strong on-chain trading signals and price action as indicators of sustained AI demand. Cloud providers are ramping up capital expenditures, Foxconn’s revenue share from AI servers exceeds 50%, and Supermicro secured $60 billion in new orders in a single quarter. Supply chain data suggests demand for GB300 could extend through mid-2027, reducing transition risks.
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