Mizuho Raises Nvidia and AMD Price Targets To $205 On AI-Server Boom

Aug 14 - Mizuho's top tech analyst Vijay Rakesh just turned up the heat on the GPU battle, raising price targets on Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) to $205 each while keeping Outperform calls. He pins the move on surging AI-server demand and heavy hyperscaler spending that should keep both companies busy for quarters to come.

Rakesh sees Taiwan-based server makers, think Wistron and Wiwynn, driving strong buy-ins of Nvidia gear, and he expects new GPU license approvals in China to add roughly 300,000500,000 units annually across NVDA and AMD, boosting second-half momentum into 2026.

Warning! GuruFocus has detected 5 Warning Signs with NVDA.

For Nvidia, Mizuho leaves the July-quarter revenue view intact at $46.2B but lifts multi-year targets, forecasting fiscal 2026 revenue near $208B and EPS of $4.51, then $260B/$5.95 in 2027 and $292B/$6.71 in 2028.

For AMD, Rakesh raises near-term estimates and predicts Radeon/Instinct GPU revenue to climb from $8.57B in FY25 to $13.6B in FY27, driven by MI308 and MI355 ramps in China.

Bottom line: Mizuho bets AI demand keeps the tailwinds fierce, but execution, supply cadence, and China licensing remain key risk factors to watch as both chipmakers scale into the AI era.

This article first appeared on GuruFocus.

View Comments