Nvidia gets price target upgrades ahead of August 27 earnings call

Goldman Sachs raised its price target on Nvidia to $200 per share, up from $185, in a Thursday note ahead of the company’s fiscal second-quarter earnings. The forecast came with a buy rating and points to an estimated 11% upside based on where NVDA closed the day before. Analyst James Schneider said expectations from investors were already “high,” but he still thinks Nvidia can deliver a “clean beat-and-raise quarter.” He emphasized that Nvidia’s guidance will be the real focus and that any updates related to China or margins could be the triggers for how the stock reacts. James wrote , “We expect three focal points on the call,” starting with the Blackwell chip ramp in the second half of the year and the expected rollout of Rubin, Nvidia’s next chip line planned for 2026. Nvidia’s earnings call to focus on China, chip rollout, and margins The second major point in the Goldman note is the timeline for the H20 chips in China. These are Nvidia’s less advanced AI chips that still meet the U.S. export rules. James said he’ll be looking for details about how fast those products are being rolled out and how much revenue they could bring in moving forward. The third topic Goldman says could move the stock is Nvidia’s gross margin, especially if the company starts unlocking profit from previously reserved H20 inventory. NVDA shares have already climbed about 34% in 2025, so the company’s commentary will have to hit every note to justify that price level. The numbers heading into the earnings call are massive. Analysts from FactSet expect Nvidia to report $1 per share in profit on $45.7 billion in revenue. Outside of Nvidia, the broader chip sector also rallied on Thursday as traders bet that chipmakers with deeper U.S. investments would be better protected from President Trump’s semiconductor tariffs. Companies that have committed to producing chips or expanding manufacturing inside the U.S. saw their stocks jump across the board. Chipmakers tied to U.S. investments gained ground alongside Nvidia Taiwan Semiconductor Manufacturing Co. (TSMC), the biggest chipmaker in the world and a key manufacturing partner for Nvidia, saw its shares rise nearly 5% in Taiwan. TSMC has already pledged $165 billion to U.S. projects, which includes an active $65 billion factory in Phoenix and another $100 billion expansion announced earlier this year. Samsung, which runs chip facilities in Texas, also saw its stock climb in South Korea. On Wednesday, Apple confirmed that Samsung will be producing image sensors for iPhones at its plant in Austin, giving Samsung another point in its U.S. investment credentials. GlobalFoundries, which is headquartered in the U.S., surged nearly 10% in premarket trade. Unlike TSMC or Nvidia, GlobalFoundries doesn’t focus on bleeding-edge chips. Instead, it produces older, widely used components across industries. But its deal with Apple this week pushed it higher. The company announced a “deeper collaboration” with Apple to expand semiconductor tech and increase manufacturing at its Malta, New York factory. SK Hynix , a memory chip company from South Korea, added to the Thursday rally. The company makes the high-bandwidth memory chips Nvidia uses in its GPUs. Last year, it committed to a $4 billion U.S. chip packaging facility, which now looks like a major advantage given the new trade environment. Shares closed more than 1% higher. As for Nvidia’s own plans, the company said back in April that it plans to build up to $500 billion worth of AI infrastructure in the U.S. over four years. The first Blackwell chips are already rolling off the line at TSMC’s Phoenix plant. Nvidia stock gained 1% in premarket trading on Thursday, a small bump before the earnings madness kicks off later this month. And while Apple isn’t a chipmaker, it got pulled into the same narrative. The iPhone maker will spend $100 billion more over the next four years on U.S. suppliers and companies. The company said yesterday that its supply chain would produce over 19 billion chips in the U.S. this year, much of it coming from TSMC’s Arizona operations. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

Source: Cryptopolitan