NVIDIA Earnings: Stock Prediction for Q2 as AI, Blackwell Chips Fuel Demand, Says Wedbush

The article discusses Wedbush analyst Matt Bryson’s predictions for NVIDIA’s upcoming second-quarter earnings report. Bryson expects strong demand for NVIDIA’s AI and data center chips, driven by the company’s new Blackwell architecture and the growing adoption of generative AI models. He anticipates NVIDIA’s gaming segment to remain resilient despite macroeconomic headwinds. Bryson raised his price target for NVIDIA stock to $290, citing the company’s leadership in AI and data center computing. He believes NVIDIA’s AI and data center businesses will continue to drive growth, offsetting potential weakness in other segments. The article highlights NVIDIA’s position as a key beneficiary of the AI boom and the increasing demand for powerful computing resources.

Source: https://markets.businessinsider.com/news/stocks/nvidia-earnings-stock-prediction-q2-ai-blackwell-chips-demand-wedbush-2024-8