Wall Street Upgrades Nvidia and Alphabet Ahead of Earnings
Investment firms Stifel and Loop Capital have raised their price targets for Nvidia and Alphabet, citing strong demand for AI computing and improvements in advertising and cloud performance. Stifel analyst Ruben Roy maintained his buy rating on Nvidia, increasing the price target to $250—a 34% upside from Monday's closing price.
Roy anticipates Nvidia will modestly exceed Wall Street's quarterly estimates, driven by robust demand for accelerated computing. CEO Jensen Huang's recent disclosure of over $500 billion in cumulative orders for Blackwell and Rubin infrastructure further bolsters confidence in the company's long-term growth.
The $350 billion backlog of unfulfilled orders and an expanding total addressable market—projected to surpass $100 billion by 2025—underline Nvidia's dominant position in AI infrastructure. Meanwhile, Alphabet's upward revision reflects Optimism around its advertising and cloud segments.
