With NVIDIA's highly anticipated earnings report set to be unveiled on Wednesday, May 22, investors and analysts are on high alert, recognizing the potential impact on the company's stock price and stocks in the semiconductor and AI industries.
“We are not expecting any meaningful change in tone or messaging relative to what we heard at GTC in mid-March. Our supply chain checks continue to indicate a robust demand environment for H100/H200 even as excitement around Blackwell continues to grow.” Oppenheimer: “We, along with most, see a beat/raise led by insatiable CSP AI accelerator appetite. Flagship H100 GPU supply constraints continue to ease. We believe lead times now<20 weeks , allowing mgmt. to better capture demand.”
Elsewhere, Morgan Stanley and Barclays kept Overweight ratings on Nvidia. Morgan Stanley maintained a $1,000 target for the stock, while Barclays lifted its target to $1100 from $850.