Wall Street is ratcheting up expectations for Nvidia Corp. ahead of the chipmaker’s quarterly results on 27 Aug., with at least nine brokerages lifting their 12-month price targets this week and pushing the average forecast to a record near $194, according to Bloomberg data. Morgan Stanley reiterated its Overweight stance and nudged its target to $206 from $200, while UBS, KeyBanc, Wedbush and HSBC set new goals between $200 and $215. The most aggressive calls came from Cantor Fitzgerald, which moved to $240, and TD Cowen, which went to $235, both citing a smooth ramp-up of the Blackwell graphics processors and sustained demand for artificial-intelligence servers. Several analysts project July-quarter revenue in the mid-$46 billion to $48 billion range and earnings of roughly $1.05 a share, with guidance for the October period seen at $54 billion to $57 billion depending on whether U.S. export licences allow sales to China. Cantor Fitzgerald estimates the Blackwell ramp could lift quarterly revenue by about $2 billion, while KeyBanc warns that any exclusion of China could trim the outlook by a similar amount. Despite the wave of upgrades, Nvidia’s stock slid 3.5 % on 19 Aug., its steepest single-day decline since 21 Apr., amid a broader pullback in large-cap technology shares. Even after the drop, the shares remain roughly 30 % above their level before the company’s previous earnings report in May.