By Proactive
Publication Date: 2026-08-10 17:51:00
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is set to report second-quarter earnings after the market closes on August 26 and Bank of America thinks the chipmaker is about to do what it usually does: beat expectations and raise its outlook, only this time with an extra catalyst behind it.
In a note maintaining its Buy rating and $350 price objective on the stock, BofA analysts said they expect Nvidia to post revenue of $94 billion to $95 billion, a $3 billion to $4 billion beat above the company’s own $91 billion guidance.
More notable, though, is what they expect for guidance going forward: a raise to $107 billion to $108 billion, well above the roughly $104 billion that Wall Street analysts are currently modeling.
The reason for that optimism comes down to timing. Nvidia’s next-generation Vera Rubin platform is starting to ship, along with new Vera CPU ramps, and BofA points to strong cloud capital spending trends as further support. The analysts also flagged that spot prices for renting GPU capacity have hit all-time highs, which they say could ease lingering concerns about return on investment and speed up how quickly customers move to the new generation of chips.
Rising memory prices are a worry across chipmakers this year, but BofA doesn’t see it hitting Nvidia hard. The firm expects gross…
