NVIDIA is about to announce its earnings, and Mizuho has raised its target price to $165

Mizuho raised NVIDIA's target price from $140 to $165 and reiterated its "Outperform" rating, as the artificial intelligence accelerator market continues to strengthen. NVIDIA will announce its quarterly results on November 21, with expected revenue of $32.93 billion and earnings per share of $0.74. Analysts pointed out that the growth of NVIDIA's GB200 NVL72 and GB 300 will drive performance in the second half of the year, and sovereign market opportunities are expected to increase next year, with sales of approximately $10 billion. The potential of the artificial intelligence server market is enormous, with an expected growth of over 60% from 2023 to 2027