Nvidia Bulls Defend Stock Ahead of Earnings Amid Mixed Sentiments
Key Points:
* Nvidia (NVDA) faces a crucial earnings report next week, with analysts expressing both optimism and caution.
* Loop Capital's Ananda Baruah maintains a bullish stance, predicting substantial upside potential due to Nvidia's strong positioning in the AI and accelerated computing markets.
* Evercore's Mark Lipacis raises concerns about the impact of DeepSeek's AI model on Nvidia's demand and the delay of Blackwell chips.
* Despite a recent rally, sentiment on Nvidia's fundamentals remains mixed, with some analysts expressing caution about the near-term outlook.
* BofA's Vivek Arya expects a modest earnings beat in Q4 but anticipates headwinds in Q1 from Blackwell's transition and China restrictions.
* Nvidia's stock price could be volatile after earnings, but analysts believe the positive momentum will resume due to its upcoming product pipeline and market expansion into robotics and quantum technologies.