Mizuho analyst Vijay Rakesh said expectations for Nvidia’s second-quarter earnings to beat forecasts have already become the market consensus, with investor attention now centered on the company’s outlook for AI spending. Rakesh projected adjusted earnings per share of $2.08 and revenue of $92.0 billion for the quarter, adding that the actual figures could come in even higher. He also maintained an "Outperform" rating on Nvidia and kept his $300 price target unchanged. The call highlights that the focus is no longer limited to whether Nvidia can clear earnings expectations, but also how management frames demand and spending tied to artificial intelligence.
ChainCatcher reported that Mizuho analyst Vijay Rakesh said it is already the market consensus that Nvidia will post second-quarter earnings above expectations, with attention now shifting to the company’s outlook for AI spending.
Rakesh forecast Nvidia’s adjusted earnings per share at $2.08 and revenue at $92.0 billion. He added that the actual results could come in higher, while maintaining an Outperform rating and a $300 price target on the stock.
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