Nvidia earnings: 'Godfather of AI on deck; Get the popcorn out'

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Nvidia earnings: 'Godfather of AI on deck; Get the popcorn out'

) is set to deliver what Wedbush analysts described in a note on Wednesday as"the most important earnings report for the stock market this year, and potentially in years."

As expected, Wedbush analysts are bullish, anticipating"another drop the mic performance from Nvidia as right now Jensen & Co. are the only game in town with $1 trillion of AI Cap-Ex on the way for the next few years with Nvidia's GPUs the new oil and gold in this world." The analysts describe Nvidia's GPUs as"the new oil and gold in this world," signaling their critical role in the ongoing AI transformation.

Wedbush suggests that Nvidia's report will not only impact its own stock but could also drive tech stocks higher into year-end and 2025. They note that the Fed's potential rate cuts and a macroeconomic soft landing, combined with what they describe as a"generational spending cycle" on AI, set the stage for continued growth in the tech sector.

 

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