Nvidia’s stock is on a remarkable upward trajectory, gaining more than 4% on Friday and surging approximately 160% since the beginning of the year. The chipmaker’s impressive performance is fueled by soaring expectations for its upcoming second-quarter earnings release.
Recent revisions to earnings forecasts reflect the heightened optimism surrounding Nvidia. Consensus estimates for the company’s second-quarter revenue have jumped by $170 million, reaching $28.84 billion, while net income projections have increased by $120 million to $14.95 billion. These significant upward adjustments have come in just the last 48 hours, underscoring the growing anticipation among investors.
Wedbush analysts are particularly bullish, predicting “another drop the mic performance” from Nvidia. They attribute this optimism to robust enterprise AI demand and substantial spending by major cloud players like Amazon and Alphabet’s Google. This trend is expected to benefit Nvidia, given its pivotal role in the AI chip market.
Despite concerns about a potential delay in Nvidia’s Blackwell AI chip, analysts from Raymond James, KeyBanc, and other firms maintain a positive outlook for the company. The majority of analysts, over 95% according to Visible Alpha, have issued “buy” ratings for Nvidia stock, with a consensus price target set at $144.83—representing a 12% increase from Friday’s closing price of $129.37.
As Nvidia approaches its earnings release, the heightened expectations and strong analyst support reflect a market eager to see the company continue its impressive performance.

hii Aditi Sahu this side..
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