NVIDIA Corporation (NVDA.US) announced its performance, prompting Mizuho to raise its target price to $165.

YuSu has raised the target price of NVIDIA Corporation (NVDA.US) from $140 to $165, and reiterated its "outperform" rating, citing the continued strength of the artificial intelligence accelerator market ahead of its quarterly earnings announcement. NVIDIA Corporation will release its latest quarterly earnings on the morning of November 21, Beijing time. Analysts generally expect the company's revenue to be $32.93 billion and earnings per share to be $0.74. YuSu analyst Vijay Rakesh stated that NVIDIA Corporation is expected to provide guidance for the January quarter, setting the foundation for its "robust" growth in 2025. He noted that growth in NVIDIA Corporation's GB200 NVL72 and GB 300 will benefit the company in the second half of this year. Additionally, Rakesh added that opportunities in sovereign markets for the company could increase next year, with sales estimated at around $10 billion, accounting for 9% to 11% of data center revenue. Finally, Rakesh pointed out that the artificial intelligence server market is now a potential market of $400 billion or more, and may grow by over 60% from 2023 to 2027, with its competitor AMD (AMD.US) expecting the market size to reach $500 billion by 2028.