Nvidia Corp. shares fell 3.5% on 19 August, logging their steepest one-day decline since 21 April and briefly interrupting this year’s rally in large-capitalisation technology stocks. The pull-back has not dented Wall Street’s enthusiasm ahead of the chipmaker’s fiscal second-quarter results, due after the U.S. market closes on 27 August. At least nine brokerages have lifted their 12-month price targets this week. KeyBanc now sees the stock at $215, UBS at $205, Wedbush at $210, Evercore ISI at $214 and HSBC at $200, while Oppenheimer reiterated a $200 objective. Bloomberg data show the average target climbing to a record near $194. Analysts cite resilient demand for Nvidia’s Blackwell GPUs, improving GB200 yields and continued strength in data-centre networking. UBS projects July-quarter revenue of about $46 billion—roughly $1 billion above consensus—and forecasts October-quarter guidance of $54-55 billion excluding China, or up to $57 billion if Beijing approves new export licences. Despite regulatory headwinds and last week’s price wobble, the shares remain about 32% higher year-to-date, making Wednesday’s earnings release a closely watched barometer for the broader artificial-intelligence trade.