Nvidia gains momentum on Blackwell AI

Cantor Fitzgerald backs Nvidia stock on the launch of Blackwell AI accelerators and a revived path to China data center sales.

Nvidia Gains Momentum With Blackwell Chips as China Licensing Opens

Cantor Fitzgerald places a bullish note on Nvidia after the company rolled out the Blackwell AI accelerators. Analyst C.J. Muse raised the price target to 240 and expects stronger results in both upcoming quarters, citing higher demand for AI computing. He projects Q2 revenue of 48 billion dollars and EPS of 1.06, ahead of consensus estimates, and Q3 revenue of 55 billion with EPS of 1.25. China licensing for AI chips has been revived, opening a potential revenue stream, though export taxes and security concerns could cap scale.

On Wall Street, the consensus remains supportive with a Strong Buy rating based on a mix of Buy notes and a small number of Holds and a Sell. The average price target is about 192.62 dollars, implying roughly 5.7 percent upside. Nvidia is scheduled to report quarterly results on August 27, and Muse suggests the upcoming quarter may mark the start of a stronger earnings phase after earlier surprises.

The stock market is parsing two forces at once: an AI upgrade cycle that could lift Nvidia for years, and a patchwork of policy and regulatory risks that could throttle growth. The China licensing development adds a potential tailwind, but export controls and security concerns keep the upside in check. If the August results prove the demand is durable, the rally could extend; if not, valuation and cyclicity could reassert themselves. The outcome may depend less on one product line and more on how the broader AI ecosystem develops and how policy evolves.

Highlights

Markets will watch how policy signals align with the AI demand curve.