Jefferies, a prominent investment firm, has issued a bullish forecast for Nvidia’s upcoming Q2 earnings, expecting a strong beat despite potential delays in the company’s Blackwell GPU architecture. This optimism stems from Nvidia’s continued dominance in the AI and gaming markets, where demand for their GPUs remains high.
Despite the setbacks related to Blackwell, which was initially expected to launch this year, Jefferies analysts believe that Nvidia’s existing product lineup, particularly in the AI segment, will more than compensate for any delays. The company’s current GPUs, powered by the Ampere and Hopper architectures, continue to see strong demand across various sectors, including data centers, gaming, and professional visualization.
Jefferies’ forecast aligns with broader market expectations that Nvidia will maintain its leadership in the GPU space, particularly as AI workloads grow exponentially. The firm highlights that Nvidia’s substantial AI-related revenue streams are unlikely to be significantly impacted by the Blackwell delay, as companies remain committed to investing in Nvidia’s technology.
Nvidia’s Q2 earnings report is highly anticipated, with investors closely watching for any updates on the timeline for Blackwell’s release. However, Jefferies maintains that even with potential delays, Nvidia’s current product strength will ensure robust financial performance.
