According to Odaily Planet Daily, Bank of America Securities issued a report stating that Nvidia will announce its results on August 28, maintaining a "buy" rating and being the industry's first choice.
Regarding reports that Nvidia's next-generation Blackwell chip will be delayed, the bank pointed out 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.
With major cloud customers increasing capital spending and major supplier TSMC not mentioning delays, Nvidia could extend the life of the current generation of Hopper while launching 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 lies not in demand but in supply, and will not fundamentally undermine the stock's long-term momentum. It gives a target price of $150.
