Aug 18 – Nvidia (NASDAQ:NVDA) climbed nearly 1% Monday after Cantor Fitzgerald raised its price target from $200 to $240 and flagged the company’s Blackwell accelerator ramp as a key driver for renewed AI-compute growth. Cantor’s analyst C.J. Muse models stronger near-term beats, projecting roughly $48.0 billion in revenue and $1.06 in EPS for the current quarter versus Street consensus, and forecasts an even bigger guide for the October period.
Muse calls recent Chinese license approvals for H20 a potential upside, noting China looks largely de-risked and any shipments there would add incremental revenue. He also flags policy and tariff risks, including a possible 15% U.S. export tax and Beijing pushback on purchases, that could temper that upside.
With Nvidia set to report on August 27, traders now focus on three things: Blackwell shipment cadence, how much China contributes to reported sales, and management’s tone on demand visibility and capex. Cantor’s note nudges expectations higher, but geopolitical and export-policy uncertainty keeps the risk profile elevated. Investors should watch the August print for signs that Blackwell and China lift results materially, not just rhetorically.
This article first appeared on GuruFocus.