Stifel: Expects NVIDIA Earnings to Beat Expectations and Raise Guidance, Maintains "Buy" Rating and $282 Price Target

Odaily Planet Daily News Wall Street investment bank Stifel, ahead of NVIDIA's Q2 FY2027 earnings release on August 26, maintained its "Buy" rating and $282 price target, expecting results to beat expectations and guidance to be raised. Analysts believe that continued increases in cloud provider capital expenditures, Foxconn's AI server revenue share surpassing 50% for the first time (with full-year AI rack shipments expected to more than double), and Supermicro's new quarterly orders exceeding $60 billion all reinforce the AI demand thesis. Supply chain checks indicate that even as Vera Rubin ramps up, GB300 demand is likely to persist through the first half of 2027, reducing the risk of a demand vacuum during the product transition period. Regarding controversies such as memory costs and AI inference competition, Stifel believes their impact is more reflected in gross margins than in demand, and that these risks are partially priced into the current valuation.