NVIDIA (NVDA) Poised for More Upside With AI and China Tailwinds

NVIDIA Corporation (NASDAQ:NVDA) is one of the Must-Watch AI Stocks on Wall Street. On August 13, Mizuho analyst Vijay Rakesh raised the price target on the stock to $205.00 (from $192.00) while maintaining an Outperform rating.

The rating affirmation comes as Mizuho increased its estimates in the global AI server group to reflect major ramps from leading hyperscalers. Rubin is particularly considered a tailwind into the second half of 2026.

Mizuho raised its AI server outlook due to strong sales from Taiwan manufacturers. Additional growth drivers that the firm has discussed include near-term ramps at xAI, Crowdstrike, and Oracle Cloud Infrastructure, along with Microsoft leading hyperscaler deployments.

“We are raising our AI Server outlook with 1) strong May-July Taiwan AI Server ODM revenue from Wistron up 59% q/q, with Wiwynn/Foxconn up 23% q/q, positive for JulQ NVDA and DELL (key ODM Wistron partner), 2) Significant near-term ramps at xAI, CRWV, and OCI, while MSFT leading hyperscaler ramps as we recently noted (Link), 3) strong GB200/300 ramps in OctQ/JanQ (positive DELL, MU with HBM and CRDO) position NVDA for upside, 4) China granted licenses could drive 300-500K+/yr of GPUs for AMD/NVDA in C26E. We are raising our Server/GPU estimates with Rubin tailwind into 2H26E.”

Particularly for Nvidia, the firm reiterated its rating and raised its price target.

“Reiterate NVDA at Outperform and raise PT to $205 (prior: $192), 34.4x our F27E EPS (prior: 32.4x), within its 5Y range of 13-38x as we see Blackwell demand remaining strong, China shipments providing upside, and Rubin set to ramp in 2H26E.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, robotics, and cloud services.

READ NEXT: 10 Buzzing AI Stocks on Wall Street and 10 AI Stocks Making Headlines This Week.

Disclosure: None.