According to ChainCatcher, Bank of America Securities published a report stating that Nvidia (NVDA.O) will announce its earnings on August 28 and maintain its "buy" rating, making it the industry's top choice.
Regarding reports that Nvidia's next-generation Blackwell chip will be delayed, the bank noted that Blackwell will not be included in the forecast until the fourth quarter, and there was no sign of delay in the company's recent SIGGRAPH conference. In addition, neither major cloud customers (increasing capital expenditures) nor major supplier TSMC mentioned delays.
At the same time, Nvidia can also extend the life cycle of the current generation of Hopper and launch a less complex version of the Blackwell chip as a stopgap measure. The bank believes that the decline in Nvidia's stock price provides a buying opportunity because the challenge is not in demand but in supply, and it will not fundamentally undermine the long-term momentum of the stock. The target price is $150. (Jinshi)
