Veteran Bank Names Nvidia Its Top Chip Pick With $340 Target
Yahoo Finance ·
In a research note published on August 21, 2026, BMO has designated Nvidia (NASDAQ: NVDA) as its top semiconductor sector pick, initiating coverage with an Outperform rating and a $340 price target. This strategic bullish call arrives as the technology giant readies the next phase of its artificial intelligence infrastructure roadmap, with the Vera Rubin NVL72 platform slated for production in the second half of the year. BMO anticipates this upcoming architecture will act as a major catalyst for the data center division. Furthermore, the financial institution projects remarkable revenue expansion of 84% for fiscal 2027 and 50% for fiscal 2028, while calculating a valuation of roughly 18 times forward earnings. Despite the optimistic outlook and the potential upside to the $340 target, NVDA shares experienced a slight 0.5% decline during Friday trading sessions.
AI 시장 분석
Veteran bank BMO has selected NVIDIA as its top semiconductor stock, assigning an Outperform rating with a price target of 340 USD. BMO projects revenue growth of 84% for FY2027 and 50% for FY2028, analyzing that the second-half mass production of the Vera Rubin NVL72 platform will drive the data center business. Despite this favorable analysis, NVDA shares closed 0.5% lower in Friday's trading. Investors should closely examine the execution capability of future AI infrastructure roadmaps and valuation attractiveness.
상승 영향
- Semiconductors — BMO selected NVDA as the top semiconductor stock, presented a 340 USD price target, and projected 84% revenue growth for FY2027, which is positive for related sector investment sentiment.
- AI — High growth in the data center business is projected due to the full-scale mass production of the Vera Rubin NVL72 platform in the second half, acting as a favorable factor for the overall AI infrastructure-related ecosystem.
DYAX 전담 분석
The 340 USD price target and 18x forward price-to-earnings ratio (Forward PER) presented by BMO suggest NVIDIA's strong fundamentals. In particular, additional earnings growth in the data center segment is expected as the mass production of the Vera Rubin NVL72 platform in the second half becomes visible. Although the stock price fell 0.5% in the short term, it can act as a catalyst for a stock rebound depending on the continued demand for AI infrastructure in the future.
In the bullish scenario, the successful mass production of next-generation AI platforms and earnings growth exceeding expectations could accelerate the achievement of the price target. On the other hand, in the bearish scenario, if supply chain disruptions or valuation burdens are highlighted, additional corrections may occur, so earnings releases in the second half and data center revenue growth should be monitored as key indicators.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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