Nvidia will report its quarterly results this Wednesday after the market closes. Many investors are waiting for this update because the company has been at the center of the huge boom in artificial intelligence. Dan Ives, a well known tech analyst at Wedbush, thinks Nvidia and its CEO Jensen Huang are ready to impress again. He even calls Huang the Godfather of AI because of how important Nvidia is to the industry.
Ives says Nvidia is one of the main forces driving the AI wave right now. He believes the company will easily beat Wall Street expectations. His confidence comes from checks across Asian supply chains that show strong demand. He also points to the large investments major tech companies reported in October. Those spending numbers suggest that companies are still pouring money into AI related hardware.
The analyst feels that investors still do not fully understand how big Nvidia’s future could be. He expects big tech companies alone to spend more than five hundred fifty billion dollars on data centers and related technology in 2026. He adds that more demand will also come from businesses, governments and global industries as they adopt AI over the next year and a half.
Ives says Wednesday’s report could lift the entire tech sector as the year comes to an end. A strong update from Nvidia would show the world how much money is still flowing into AI and how fast the market is growing. Anything Huang says about global demand could also shape market sentiment.
He also points out how much Nvidia’s success spreads through the rest of the tech world. According to him, every one dollar spent on Nvidia products leads to eight to ten dollars of activity across the wider technology ecosystem. All of this is happening while the United States continues trade talks with China and deals with earlier chip restrictions.
Ives ends by saying he expects Nvidia’s earnings to once again prove how powerful the AI trend has become and to give another push to tech stocks as the year moves forward.