Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) will report its latest quarterly results after the market close on Wednesday, and analysts at Wedbush believe investors across the technology sector will be closely watching the update as a barometer for broader AI demand.
The analysts believe that with tech stocks experiencing volatility and renewed concerns about an “AI bubble,” the focus this week “comes down to gauging the AI Revolution demand story which starts and ends with Nvidia.”
“We will be able to hear a pin drop on Street trading desks as the entire global market will be carefully watching these results and commentary from Jensen,” they wrote, referring to CEO Jensen Huang.
Wedbush expects Nvidia to surpass Wall Street estimates for the quarter, citing supply-chain checks and strong cloud capital-expenditure trends disclosed by major technology companies last month.
Wall Street analysts on average expect revenue to surge 55.7% to $54.26 billion and earnings per share to increase from $0.81 to $1.24.
“We expect Nvidia will handily exceed Street estimates given the plethora of positive data points we have picked up from our Asia supply chain checks coupled by the monster Big Tech cap-ex numbers,” Wedbush wrote.
The firm said it anticipates robust demand for the company’s Blackwell platform will be a central topic during Nvidia’s earnings call.
According to Wedbush, consensus expectations for Nvidia over the next several years remain too conservative. “Street estimates for Nvidia are being significantly underestimated over the next few years given the global demand story for the AI Revolution is still in the Top of the 3rd inning,” they wrote.
The analysts project Big Tech capex to exceed $550 billion in 2026 and expect additional demand from enterprises, governments, and wider global adoption of AI infrastructure.
Wedbush said it views Nvidia’s forthcoming guidance and commentary from Huang as a potential positive catalyst for technology stocks into year-end and a key data point for investors assessing the scale of AI spending.
“Datapoints from Nvidia this week will be important to convince ‘on the fence investors’ that this AI spending trend is an unparalleled moment in modern tech history and is NOT a bubble moment,” they wrote.
Wedbush reiterated its view that Nvidia remains central to the ongoing investment cycle. “In a nutshell there is one company in the world that is the foundation for the AI Revolution and that is Nvidia,” they wrote, noting that the firm estimates that for every dollar spent on Nvidia products, there is an $8 to $10 multiplier across the broader technology ecosystem.
Shares of Nvidia traded hands at $185 on Monday afternoon, up 38% so far in 2025.