HERE’S WHAT ANALYSTS ARE SAYING AFTER $NVDA Q2 EARNINGS:

Stifel (Buy, PT $212):
"NVDA reported modestly better than expected results driven by Gaming segment upside while DC revenue was lower than expected despite increasing 56% y/y and 5% q/q… F3Q revenue guidance of $54bn is above consensus… Networking revenue appears to have hit an inflection point (+46% q/q, +98% y/y)… Our longer-term thesis remains unchanged: Agentic AI/reasoning requires step function increases in compute and visibility into demand for AI infrastructure extends well into 2025."

Rosenblatt (Buy, PT $215):
"NVIDIA delivered a strong quarter as the Grace Blackwell-based racks ramp to 1,000 per week including a transition to Blackwell Ultra (GB300)… H20 3QF26 revenue for China could represent $2B – $5B… Blackwell is an order of magnitude higher performance/watt compared with Hopper… Networking revenue increased 46% Q/Q and 98% Y/Y to $7.3B… We see this annual road map as important for coordinating the next leap in compute performance…"

Needham (Buy, PT $200):
"F3Q26 revenue was in line with no China H20 revenue… If geopolitical issues are resolved in the near-term, management believes it could ship $2-5BN of H20… Rubin is on track for deployment in C2H26… Blackwell related products… grew +17% Q/Q and Blackwell Ultra generated 'tens of billions in revenue'… Open source models are increasing enterprise AI adoption."

Wolfe Research (Outperform, PT $230):
"AI revenue growth in all other areas is growing strongly, and rack production at partners continues to accelerate… Our FY26/FY27 numbers move modestly higher… With the stock at just ~29x our FY27 EPS, NVDA remains our favorite AI stock."

William Blair (Outperform):
"Nvidia reported a modest beat-and-raise quarter, notably excluding H20 contributions… Blackwell Ultra (B300) accounting for more than $10 billion of revenue in the quarter (faster than expected)… Nvidia should retain its leadership in AI… which will allow it to sustain strong revenue and earnings growth… We would be buyers on weakness."

BofA Securities (Buy, PT $235):
"NVDA… remains solidly positioned to maintain its 80%+ share in the fastest growing and most attractive global AI infrastructure buildout… Expect non-China Rest of World (~$200bn in FY26E sales) to more than offset geopolitical headwinds… forecasts are based on a 30-35% CY25-27E annual sales growth… earnings power of over $10/sh by CY27E…"

Goldman Sachs (Buy, PT $200):
"Rubin product is now in early manufacturing… sovereign customers now expected to generate over $20 bn of revenue this year… resumption of Nvidia's China business remains less clear… we remain Buy rated… our EPS estimates stand ~10% above the Street for 2026."

Morgan Stanley (Overweight, PT $210):
"Guidance for $7 bn of incremental revenue – the first time that a company has guided for that dollar sequential growth – without China… compute shortages remain intense enough customers are still buying three year old Hoppers… even including the low end of the $2-5bn of potential H20 shipments… guidance could have hit $56bn…"

TD Cowen (Buy, PT $235):
"A largely lackluster set of results and guide by NVIDIA's recent standards… Compute revenue declined sequentially… primarily a function of a ~$4B decline in H20 revenues… demand remains robust, Blackwell Ultra is transitioning smoothly… we think investors were looking for more upside…"

Jefferies (Buy, PT $205):
"B300 rollout progressing smoothly, Rubin remains on track… China licenses offer potential to add an additional $2-5B… Networking revenue tallied $7B… one non-restricted customer even buying H20s… Plenty of runway for continued growth in both Compute and Networking…"

KeyBanc (Overweight, PT $230):
"F2Q Data Center revs missed expectations as Compute was flat q/q, while Networking grew 46% q/q… guidance excludes China, which could contribute $2B–$5B in incremental revs… GB300/B300 is ramping (tens of billions dollar in revs)… we're raising our ests slightly…"

Mizuho (Outperform, PT $205):
"NVDA remaining the leader in the AI training and inference chips for Data Center applications… ramping in 2025E… We believe headwinds from China AI chip restrictions remain muted… could see a ~$16B/yr Gaming revenue run rate."

DA Davidson (Neutral, PT $195):
"Mixed 2Q26 results with data center revenue coming in slightly lower than expected… sentiment… driven by continued concern around the company's ability to sell H200s into China… demand for compute is unlikely to subside in the foreseeable future…"

Truist Securities (Buy, PT $228):
"Still significant growth potential… includes (1) Vera-Rubin is taped out and on track for 2026, (2) management gently endorsed a 50% growth view next year… NVDA remains the AI company."

Piper Sandler (Overweight, PT $225):
"October quarter guidance… exceeded expectations… no H20 revenues built-in, which we see as potential upside… Networking delivered a nice surprise with sequential growth of 46%… we continue to see NVDA leading in the long-term AI infrastructure build-out."

8 Raised
0 Lowered

Stocks Watchlist Today: $NVDA $MRVL $UNH $INTC $NIO $MAAS $PLTR $AZTR