Mizuho Maintains Outperform Rating on NVIDIA (NVDA), Lifts PT to $205 From $192

NVIDIA Corporation (NASDAQ:NVDA) is one of the most buzzing stocks to invest in right now. In a report released on August 15, Mizuho analyst Vijay Rakesh maintained an Outperform rating on NVIDIA Corporation (NASDAQ:NVDA), raising the price target on the stock to $205 from $192 and highlighting solid momentum in AI server demand and hyperscaler spending.

Analyst Explains How NVIDIA (NVDA) Can Reach $8 Trillion Market Cap

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

The analyst added that in this backdrop, NVIDIA Corporation (NASDAQ:NVDA) is seeing solid revenue growth from Taiwan-based server makers, such as Wistron and Wiwynn.

Rakesh also considers the upcoming GB200 and GB300 GPU launches to be growth drivers for the company.

NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.