Nvidia(US:NVDA) 华尔街见闻·2025-08-22 11:08Core Viewpoint - Wall Street analysts have raised their 12-month price targets for NVIDIA, reflecting increased confidence in the company's growth potential in the AI chip market [1][2]. Group 1: Price Target Adjustments - At least nine different institutions have raised NVIDIA's average target price by approximately 3% to nearly $194, marking a historical high [1]. - The new average target price suggests over 10% upside potential based on NVIDIA's recent closing price [2]. - Cantor Fitzgerald has the highest target price at $240, indicating a potential rebound of about 36.8% from recent lows [4]. - Other notable adjustments include TD Cowen raising its target from $175 to $235 (34.3% increase) and Wolfe increasing its target from $170 to $220 (29.4% increase) [4][9]. Group 2: Analyst Sentiment and Market Context - Analysts express strong confidence in NVIDIA's growth trajectory, with nearly 90% of analysts covering the stock rating it as a buy [5]. - The recent price target increases coincide with a broader pullback in tech stocks, as investors shift towards lower-risk sectors amid high valuations [2]. - Despite a three-day decline in NVIDIA's stock price, it has still appreciated approximately 30% since the last earnings report in late May [2]. Group 3: Demand and Revenue Expectations - Strong demand for AI capabilities is driving significant capital expenditure increases from major tech companies, with NVIDIA deriving about 40% of its revenue from firms like Meta, Microsoft, Alphabet, and Amazon [6]. - Morgan Stanley has raised its revenue forecast for NVIDIA's second quarter from $45.2 billion to $46.6 billion, exceeding Wall Street consensus [7]. - Deutsche Bank projects that NVIDIA's Blackwell chip revenue could reach $24 billion in the first quarter, nearly doubling from the previous quarter [8]. Group 4: China Market Dynamics - The potential for NVIDIA to resume shipments to China has become a focal point, with recent approvals for the sale of H20 chips [10]. - Analysts believe that any updates regarding Chinese business could provide upward momentum for NVIDIA's stock [10]. - Deutsche Bank notes that if NVIDIA receives permission to resume shipments to China, third-quarter revenue could increase, potentially boosting earnings per share by 10% despite a 15% licensing fee [11].