The Opening of 'NVIDIA Day'... Zero Sell Reports from Wall Street

Wall Street Forecasts 16% Stock Price Increase by Year-End
Key Factor: Delay in Launch of Latest AI Chip 'Blackwell'

AI superstar Nvidia is drawing all investors' attention as it prepares to announce its earnings after the market close on the 28th (local time), serving as the "stock market barometer." Wall Street has not issued a single sell report on Nvidia, and expects the stock price to rise more than 15% by the end of the year.

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According to an analysis of Wall Street reports by Bloomberg on the 28th (local time), there were 66 "buy" ratings for Nvidia. There were 6 "hold" ratings and zero "sell" ratings.

Wall Street forecasts that Nvidia's stock price still has room for further gains. The 12-month target price is $145 per share, which is expected to rise 16% from the current price. Nvidia's price-to-earnings ratio (PER) stands at 38 times, still high but down from 44 times in June and 60 times last year. The PER indicates how many times the current stock price is relative to the company's earnings per share.

The market expects Nvidia to continue its strong performance in the second quarter (May to July) of fiscal year 2025. According to market research firm FactSet, Nvidia is expected to record $28.7 billion in revenue and $15.1 billion in net income for Q2, more than doubling compared to a year ago.

Beyond earnings, a key point to watch is the upward revision of future revenue forecasts. With concerns about delays in the launch of the latest AI chip, Blackwell, Nvidia's management revealing plans for timely chip supply will be crucial in alleviating worries.

Bloomberg Intelligence noted, "Concerns about Blackwell chip delays could weigh on expectations for fiscal year 2025 growth," adding, "Management's comments on the 2025 outlook will be important."

Investors are expected to gauge whether the tech stock rally led by artificial intelligence (AI) will continue and the future direction of the stock market through Nvidia's earnings. During May 5?23, when Nvidia's stock rose 28%, the market capitalization of the large-cap-focused S&P 500 index increased by $4 trillion.

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