A slew of Wall Street analysts covering Nvidia Corp. are boosting their expectations for the chipmaker’s stock ahead of its quarterly earnings release due Aug. 27.

Wall Street's position is clear. Nvidia stock is a buy. We'll know more after the company reports its Q2 results after the market close on Wednesday, Aug. 27.

Insatiable” AI demand and revenue opportunities from China are leading analysts to raise their price targets as Nvidia prepares to report earnings.