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① dan ives, a well-known wall street analyst who has always made golden remarks about u.s. technology stocks, once again made a golden remark, describing nvidia's huge potential as one of the greatest basketball superstars of all time, lebron james; ② he said that nvidia is far ahead of other competitors and is the "only player" in the field of ai semiconductors.

cailianshe news, september 2 (editor: liu rui)recently, dan ives, a well-known wall street analyst who has always made golden remarks about u.s. technology stocks, said another golden statement, describing nvidia's huge potential and comparing it to one of the greatest basketball superstars of all time, lebron james.

“if you look at nvidia, it’s like lebron in high school in terms of where this story ultimately goes,” ives said in an interview.

in a subsequent interview, he mentioned the metaphor again and said that nvidia is like a young lebron james because it is far ahead of other competitors and is the "only player" in the field of ai semiconductors.

nvidia's outlook remains strong

last wednesday, eastern time, nvidia released its second-quarter earnings report. although the report exceeded analysts' average expectations, investors still pushed down its stock price because it was still far from the highest market expectations. as of the close of last friday, nvidia's stock price closed at $119.37, a weekly decline of about 8%.

in fact, compared with the smooth sailing in the first half of this year, nvidia's stock price seems to have been in a turbulent state in the second half of this year. since reaching a record high on june 20 this year, nvidia's stock price has begun to fluctuate sharply, showing that investors have begun to hesitate about its high valuation and growth prospects.

however, ives believes that the revenue forecast given by nvidia ceo jensen huang is still strong, although lower than analysts' most optimistic expectations, it is enough to allay market concerns.

“they came and they did it,” he added of nvidia’s earnings. “i think for tech stocks, this will provide fuel for a rally.”

ives estimates that nvidia's revenue outlook for blackwell, a new generation of chips, could be in the tens of billions of dollars. he believes the company's guidance for blackwell is relatively vague because huang is reluctant to reveal his script.

he also touted nvidia's multiplier effect in the broader tech sector, saying that every dollar nvidia spends on its chips has an 8-10 times ripple effect throughout the industry.

the prospects of ai are still immeasurable

ives expects capital spending on ai to reach $1 trillion over the next three years — double what he predicted six months ago.

he added that demand for nvidia chips is also accelerating.

it’s not just so-called hyperscale customers like microsoft, openai, amazon, and google, but other small and medium-sized businesses are also stepping up as more ai use cases emerge.

“rome wasn’t built in a day, and neither was the ai ​​revolution,” he predicted. “it’s already starting to take shape.”

wall street remains firmly bullish

although nvidia's stock price temporarily fell after the earnings report was released, most people on wall street still categorize its stock as a "buy."

in fact, ives is not the only analyst on wall street who is not affected by the short-term decline in stock prices and still remains optimistic about nvidia's stock price prospects.

bank of america global research reiterated a buy rating and raised its price target on the stock to $165 from $150, saying nvidia remains a "key gene cycle beneficiary" and imploring investors to "ignore the quarterly noise."

thomas matthews, head of asia-pacific markets at capital economics, also said in the report: "we believe the ai ​​rally will continue despite apparent investor disappointment with nvidia's prospects for rapid profit growth."