Street View: Nvidia remains strong, China uncertainty an overhang

** Nvidia NVDA.O forecast third-quarter revenue above Wall Street estimates on Wednesday, yet uncertainty surrounding its halted Beijing operations and intensifying China-U.S. friction cast a shadow over strong domestic AI chip demand

** At least 13 brokerages raise their PT on stock, median PT of $205 up nearly 11% from July

** Shares inch 0.2% lower premarket

THE BAR CONTINUES TO BE HIGH

** Morgan Stanley ("overweight", PT: $210) says the bar continues to be high but the growth acceleration is clear

** J.P.Morgan ("overweight", PT: $215) says "all in, the playbook remains the same here for NVDA, a solid beat and raise with multiple levers at play to drive upside, against the backdrop of a multi-year runway of growth for AI infrastructure spending, with NVDA in our view continuing to capture a significant majority of the incremental spend"

** HSBC ("hold", PT: $200) expects the near-term supply inconsistency and China uncertainty to remain an overhang

** Morningstar ("fair value", PT: $190) says revenue (or lack thereof) from China adds volatility, but strong demand from leading U.S. cloud customers and Blackwell Ultra rollout is impressive

** BofA Global Research ("buy", PT: $235) says China remains an uncertainty, but expects rest-of-the-world sales to more than offset geopolitical headwinds in shipping to China for FY26