According to CoinMeta, analyst Vivek Arya stated in a report on August 7th that Nvidia ( NVDA ) is their top pick for stocks, expecting the company's revenue for the second quarter of fiscal year 2027 to reach $94 billion to $95 billion, exceeding Nvidia's own guidance of $91 billion. Arya believes that the delivery of Nvidia's new generation of Vera Rubin chips will initiate an upgrade cycle that will last for several quarters. He has set a target price of $350 for Nvidia, anticipating significant growth in the coming years. Despite the pressure of rising memory costs, Arya believes that Nvidia's profitability will remain strong.