NVIDIA stock is getting a lot of attention from traders this week as the company gets ready to report earnings on August 27. Wall Street experts are raising their price targets for NVIDIA stock because they think AI demand will keep growing.

Big tech companies like Amazon, Meta, and Google are spending huge amounts of money on AI chips. These companies need lots of computer power to build their AI systems. This spending is helping NVIDIA's business grow because they make the best AI chips.

Traders are excited about AI agents becoming more popular in businesses. AI agents are computer programs that can do tasks on their own without human help. Companies are starting to use these AI helpers more often, which means they need more powerful computers.

China is also becoming important for NVIDIA's business again. The company is working on deals to sell advanced AI chips to Chinese companies. This could mean more money for NVIDIA if the deals work out.

Even though NVIDIA stock hit new highs, some experts think it's still cheap compared to how much the company could grow. The stock's price compared to its earnings has gone down, which might mean it's a good time to buy. Many traders think NVIDIA will keep doing well as more companies use AI in their work.