JHVEPhoto/iStock Editorial via Getty Images
Nvidia (NASDAQ:NVDA) was in focus on Tuesday as Mizuho Securities raised its price target on the semiconductor giant, citing expected success for its upcoming Blackwell GPU platform and the upcoming stock split. Shares slipped 0.5% in premarket trading. Strong artificial intelligence-linked opportunities still await Nvidia with its Hopper platform and the upcoming launch of the Blackwell B100 between the third-quarter of this year and the first-quarter of this year, Mizuho analyst Vijay Rakesh said, as he boosted his price target to $1,275 from $1,180. Nvidia should also see “strong traction” with the launch of the B200 NVL36/72 full rack, which is expected to ramp in the first-half of next year. At an expected price tag of $1.5M to $3M, it could provide “significant” upside to earnings estimates. Additionally, the upcoming 10-1 stock split — slated to occur on June 7 — could create more demand from retail investors and thus, another tailwind for the stock, Rakesh added.