The spotlight is once again on Nvidia (NVDA.US)! Wall Street praises “excellent” performance and outlook

The Zhitong Finance App learned that this morning, Nvidia (NVDA.US) released its financial results for the first quarter, and its stock price soared by nearly 6%. Even considering the recent export controls imposed by the US on China, Wall Street agencies have not hesitated to say anything, praising Nvidia's performance and outlook far exceeding expectations, believing that its performance is remarkable. Today's world seems to belong to Nvidia, and people are living in the midst of the waves of its times.

As of press time, Nvidia rose 5.56% in pre-market trading and is expected to regain the title of the company with the highest market capitalization. The stock prices of other semiconductor companies such as AMD.US (AMD.US), Maywell Technology (MRVL.US), and Broadcom (AVGO.US) have also followed suit.

Wedbush Securities analyst Dan Ives (Dan Ives) described the quarter's results as “steady,” and comments on demand were “very positive” even when factors in the Chinese market were taken into account.

Ives wrote in the report: “We have always been convinced that as the fourth industrial revolution led by Nvidia, which 'promotes the development of chips for global artificial intelligence', progresses, Nvidia is expected to achieve a market capitalization of 4 trillion US dollars within the next few years, and eventually reach 5 trillion US dollars in market capitalization.”

Ives also pointed out that the recent cooperation project between Saudi Arabia and the UAE is an initial sign of the needs of the sovereign country and government mentioned by Huang Renxun (Nvidia CEO). Moreover, given that US-China trade negotiations seem to be progressing smoothly, Nvidia is expected to recover the $8 billion in revenue lost due to the H20 ban, and may even achieve more revenue growth.

Ives added, “This is an extremely important performance report and outlook guide for the entire tech industry. It shows that even if Trump's tariff war continues, the AI revolution will enter the next phase of growth.”

“Tech Stock Pros” (Tech Stock Pros), head of the “Tech Reverse Investors” investment group, pointed out that after China's H20 ban, Nvidia's performance provided a “much-needed confidence reset.” “The point is that for at least the next two quarters, Nvidia's growth story is back on track after the release of this performance report,” they said via email.

Morgan Stanley analyst Joseph Moore (Joseph Moore) said that with the latest results and outlook, Nvidia “completely” dispelled market concerns about its ability to absorb its business, and its business in all regions except the Chinese market showed an accelerated growth trend.

Moore added, “Everything will improve after that.” He reaffirmed Nvidia's “overweight” rating and raised the price target from $160 to $170.

Bank of America analyst Vivek Arya (Vivek Arya) also raised the target price (from $160 to $180) and said that since demand for artificial intelligence now includes huge demand from sovereign countries, he believes Nvidia has long-term profit potential of $10 per share.

Jefferies analyst Blayne Curtis (Blayne Curtis) said Nvidia is “all set,” and the results show that its supply challenges have been mitigated, and other business segments that had previously plagued the company have also resumed healthy growth.

Curtis wrote, “The stock's biggest problem was the disconnect between Blackwell chip sales and GB200 shipments, but now that's a thing of the past because Nvidia mentioned that several hyperscale data center customers are increasing their purchases of 1,000 NVL72 chips every week.” Curtis added that for Nvidia, “the situation is very good” in the second half of this year, and “it is likely that performance will exceed expectations and raise expectations on this basis.”

Additionally, J.P. Morgan analyst Harlan Sur (Harlan Sur) said that these results indicate that Nvidia is likely to continue to lead the industry.

“The key point is that with its chip/hardware/software platform and strong ecosystem, the Nvidia team continues to be 1-2 steps ahead of the competition, and over time, the company is further widening the gap with competitors through an aggressive new product launch pace and more refined product segmentation.”