Wall Street expects a continued increase in Nvidia's AI chip sales ahead of its next-gen Blackwell chip release.
Here's what Wall Street expects from Nvidia's upcoming earnings report.
Deutsche Bank: "AI leadership to continue"Deutsche Bank said it fully expects Nvidia to deliver "healthy multi-billion dollar beats/raises on still healthy demand for AI compute."
However, the bank sees much of that strength already priced into the stock, leading the firm to believe that Nvidia stock is "fully valued."
Bloomberg Intelligence: "Nvidia has more levers to attack the market"Bloomberg Intelligence analyst Oscar Hernandez Tejada said in a recent note he fully expects Nvidia to report "a solid beat and raise" on Wednesday, arguing that "Nvidia's AI demand train running at full speed."
Persons:
—, Wells, Aaron Rakers, Rakers, Taiwan Semiconductor bode, Vivek Arya, Blackwell, Arya, NVDAs, Oscar Hernandez Tejada, Tejada
Organizations:
Nvidia, Service, ChatGPT, Nvidia's, Blackwell, GPU, Data, Super Micro Computer, Taiwan Semiconductor, Bank of America, Deutsche Bank, Bloomberg Intelligence, Bloomberg
Locations:
Wells Fargo, Wells, China