GF Securities Lifts Nvidia Target to $345 as Cloud Orders Boost Vera Rubin Outlook
Updated
Updated · Barchart · Aug 22
GF Securities Lifts Nvidia Target to $345 as Cloud Orders Boost Vera Rubin Outlook
1 articles · Updated · Barchart · Aug 22
Summary
$345 is Jeff Pu’s new Nvidia price target, up from $308, with the analyst keeping a Buy rating ahead of the chipmaker’s Aug. 26 earnings report.
Rising orders from Microsoft, Amazon, Google and Oracle for Nvidia’s next-generation Vera Rubin platform drove the upgrade, reinforcing expectations for another AI growth cycle beyond Blackwell.
Pu’s call lands as investors question whether hyperscalers can earn enough on heavy AI spending, even after Nvidia shares rose about 15% this year and hit a record $236.54 in May.
Nvidia’s recent results set a high bar: fiscal Q1 revenue jumped 85% to $81.6 billion, Q2 guidance was about $91 billion, and Wall Street is looking for proof next-generation demand can sustain growth through 2027.