Nvidia earnings brace for ‘drop the mic’ moment as investors anticipate ‘massive’ AI demand forecast from CEO Jensen Huang, says Tech Bull

Future earnings report from NVIDIA Corp. (NASDAQ:NVDA) could be a watershed moment for the company, according to a prominent analyst.

What happened: Dan Ivesan analyst at Wedbush Securitiespredicts that the earnings report, scheduled for August 28, will be a significant event for the technology industry.

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Ives pointed out that the earnings call will capture the attention of investors globally as they wait for information from the CEO Jensen Huang on future demand for artificial intelligence chips up to 2025.

“Nvidia’s earnings on August 28, you’ll be able to hear a bearish on trading desks across the street/globe as investors hear from AI Godfather Jensen about the massive trajectory of AI chip demand in 2025, which we believe will be another low moment for tech,” Ives wrote on X on Sunday.

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Why it matters: Nvidia has seen a significant drop in market value, down $900 billion from its peak in June, despite continued growth in AI spending. Major technology companies like Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOGL) and Meta Platforms Inc. (NASDAQ:META) have committed to further investing in AI infrastructure, which accounts for more than 40% of Nvidia’s revenue.

In addition, “Magnificent Seven” stocks, including Nvidia, led the market’s volatility. Despite a 30% decline from five-year peak valuations, they remain 50% above their five-year lows. This group, which includes major players in IT, communications services and the electric vehicle industry, continues to exert significant influence on the market.

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See also: Don’t miss the next Nvidia – you can invest in the future of AI for just $10.

In addition, notable figures such as former President Nancy Pelosi (D-Calif.) showed confidence in Nvidia’s future by purchasing additional shares. Pelosi recently revealed that she purchased more Nvidia stock while selling some of her stake in Microsoft.

Finally, early technology investor James Anderson predicted that Nvidia could reach a market cap of nearly $50 trillion over the next decade, driven by growing demand for AI chips. That bullish outlook has helped send Nvidia shares up 117% year-to-date.

Price action: Shares of Nvidia closed Friday at $104.75, down 0.21% for the day. In after-hours trading, shares were up 0.019%. Year to date, Nvidia stock is up an impressive 117.46%, according to data from Benzinga Pro.

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This article Nvidia Earnings Set For ‘Drop The Mic’ Moment As Investors Anticipate ‘Massive’ AI Demand Forecast From CEO Jensen Huang Says Tech Bull originally appeared on Benzinga.com

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