“Science and Technology Innovation Board Daily”, August 24 — After the market on August 28, EST, Nvidia will announce the results for the second fiscal quarter of FY2025.

According to analysts surveyed by Fact, Nvidia's second-fiscal quarter sales are expected to reach $28.7 billion, up 112% year over year. Analysts in Visible Alpha statistics expect Nvidia's revenue to grow to $28.84 billion this quarter; net revenue is expected to more than double that of the same period last year to $14.95 billion.

In the first quarter of fiscal year 2025, Nvidia's data center revenue reached 22.6 billion US dollars. Analysts expect data center business revenue to reach 25.19 billion US dollars in the second fiscal quarter, a record high, and sales more than double that of the same period last year.

Wedbush analyst Dan Ives is one of Wall Street's most influential tech giants. In his latest report, he called Nvidia's upcoming earnings “the most important tech report in recent years” — “We believe next week will be the most important week for the stock market this year, and probably the most important week for Wall Street in years.”

Prior to that, every financial report released by Nvidia since this round of the AI boom brought its stock price to a new high. This time, Ives also gave an equally optimistic forecast. “Our focus is on the development of artificial intelligence and the technology winners of the fourth industrial revolution... the upward momentum of technology stocks is ready”. He predicts that Nvidia will achieve another good result next week.

He wasn't the only one who gave a positive outlook.

Goldman Sachs analyst Toshiya Hari also expressed optimistic expectations for Nvidia's earnings this week. The report indicates that Nvidia will continue to maintain a strong position in the field of AI and accelerated computing.

Hari believes demand for AI infrastructure such as GPUs will remain strong. Recently, the entire industry showed some optimistic signs. For example, TSMC's HPC business accounted for more than half of total revenue for the first time in the second quarter, and AMD once again raised its full-year AI accelerator revenue forecast. Furthermore, Nvidia has a huge customer base. Although news of delays in shipping of the Blackwell series GPUs came out before, Hari believes that the impact was not significant.

Analysts from companies such as Raymond James and KeyBanc also said a few days ago that despite news that the release of Blackwell's chips was delayed, they still think Nvidia will hand over a strong financial report.

More than 95% of analysts tracked by Visible Alpha gave the stock a “buy” rating, with a consistent price target of $144.83 — which is still nearly 12% higher than Nvidia's latest closing price. On August 23, EST, Nvidia closed up 4.55%. The latest stock price was 129.37 US dollars. It has rebounded more than 20% since August 5.

Although many analysts have recently given optimistic expectations, it is undeniable that “investing in AI is a bubble where market returns are difficult to meet expectations” is still difficult to resolve.

Barclays analysts also warned that Nvidia's earnings report may be a “realistic test” for the overall market, and the technology sector in particular. If Nvidia's latest earnings performance fails to once again exceed expectations and raise profit forecasts, investors may be disappointed, which in turn will have a wider impact on the entire market.

As the head of Nvidia, Hwang In-hoon has taken steps to reduce his Nvidia holdings at a high level several times. According to estimates, he has cashed out at least $0.578 billion between June and August. There are also US media ridiculing that the fate of the next tech bull market may be in Hwang In-hoon's hands. Let's wait and see what kind of results Nvidia can deliver next week.