Nvidia’s second-quarter earnings next week are hotly anticipated, to say the least. Wedbush analyst Matt Bryson thinks the chip maker will report another set of blowout results, but said the amount of outperformance may not even matter.
“With demand for AI training having lifted substantially in the past quarter and with no other silicon supplier now capable of providing part volumes within an order of magnitude of Nvidia’s output, we believe any unfilled demand will just be pushed into forward quarters fueling future sales and EPS,” he said.
Nvidia has racked up a number of price-target increases from Wall Street in recent days as attention has turned to its earnings. Near-term demand for its chips in the data-center business, as well as a boost in orders from Chinese companies worried about tighter restrictions ahead, have been among the reasons.
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