) will report its second-quarter results of fiscal 2025 on Aug. 28, with significant attention expected on management's comments regarding potential delays in the release of its next-generation Blackwell chip, the company's ability to meet demand, and the ongoing impact of China sanctions.
“We are not expecting any meaningful change in tone or messaging relative to what NVDA has focused on since the company reported its F1Q results, i.e. the company’s longer-term road map and continued investment in organic and collaborative software offerings,” Stifel analysts said in a note. Key bullish indicators include strong results from SMCI driven by Hopper demand, significant quarter-over-quarter growth in high-performance computing for TSMC, robust results in KYEC's data processing segment, and strong AI server sales from Quanta Computer.
“We believe investor bogeys are already in this range which optically doesn't create a great setup, but we believe Blackwell commentary will overshadow wherever guidance comes out as investors are already looking to the BW ramp in 2025, and we believe NVDA will generally communicate that BW is"on track",” said UBS analysts.