Bernstein Analyst Maintains Bullish Stance on Nvidia Ahead of Q3 Earnings
Nvidia's stock (NVDA) remains in focus as Bernstein's top analyst Stacy Rasgon reaffirms a positive outlook ahead of the chipmaker's Q3 earnings report. Demand for Nvidia's AI-driven products shows no signs of slowing, with CEO Jensen Huang recently highlighting over $500 billion in orders for Blackwell and Rubin AI chips at the GTC conference.
Wall Street anticipates earnings of $1.26 per share, a 55% year-over-year increase, alongside revenue projections of $54.8 billion—up 56% from the same quarter last year. Despite broader market concerns about an AI bubble, Bernstein insists Nvidia's momentum remains intact.