Nvidia Corp., the AI computing giant, delivered a strong second quarter performance that surpassed expectations, revealing record revenues and a significant $50 billion stock repurchase plan. Despite concerns over margin compression and the delay in Blackwell, analysts remain optimistic about Nvidia's future, with price targets ranging from $135 to $175.

The robust data center performance was credited as a key driver for Nvidia's soaring revenues, leading to an above-consensus revenue forecast for the third quarter. Additionally, Nvidia announced a massive $50 billion stock repurchase authorization, indicating the company's confidence in its long-term prospects.

Harlan Sur, an analyst at JPMorgan, rates Nvidia stock as Overweight and has raised the price target from $115 to $155. Sur expects solid demand in PC gaming and foresees continued strength in data centers and automotive segments, contributing to the company's growth.

Goldman Sachs analyst Toshiya Hari maintains a Neutral rating on Nvidia stock with a price target of $135. Hari acknowledged Nvidia's efforts in addressing the challenges regarding Blackwell and emphasized the strength of the company's data center revenue. However, Hari also noted the need to adjust margin expectations.

C.J. Muse, an analyst at Cantor Fitzgerald, maintains an Overweight rating on Nvidia stock with a price target of $175. Muse emphasizes that while AI may pose a threat to hyperscalers and consumer internet players, Nvidia remains at the forefront of AI advancements and considers any potential pullback in the company's stock as a buying opportunity.

Ruben Roy, an analyst at Stifel, rates Nvidia stock as Buy with a price target of $165. Roy highlights Nvidia's ongoing success in data center performance, attributing its position as the primary beneficiary of the modernization in compute stacks. He remains optimistic about the Blackwell architecture despite short-term margin pressures.

Benchmark analyst Cody Acree holds a Buy rating on Nvidia stock with a price target of $170. Acree sees the recent dip in Nvidia's share price as an opportunity to buy, stating that the negative reaction is driven by a complacent and antsy investor base. Acree maintains confidence in Nvidia's long-term prospects despite market volatility.

According to Gil Luria, an analyst at D.A. Davidson, Nvidia's strong revenue growth is commendable. However, Luria remains cautious due to concerns about operating leverage and future sequential declines, leading to a Neutral rating and a price target of $90.

Harsh V. Kumar, an analyst at Piper Sandler, maintains an Overweight rating on Nvidia stock with a price target of $140. Kumar views the recent pullback as an opportunity and believes that Nvidia's fundamental strength remains intact despite short-term margin pressures.

William Stein of Truist Securities rates Nvidia stock as Buy with a price target of $148, up from $145. Stein encourages investors to consider the long-term perspective, highlighting Nvidia's enduring leadership in AI and its strong growth expectations.

While Nvidia's second quarter results outperformed forecasts, the slight dip in the stock's value has evoked mixed reactions among analysts. However, many analysts view this as an opportunity to invest in Nvidia's promising future in AI and data centers. The overall sentiment remains positive, as Nvidia's solid performance and strategic moves inspire confidence in Wall Street.