Source: Wall Street See
Before the conference, some comments suggested that Nvidia may not announce any breakthrough achievements, but Huang Renxun and other Nvidia executives may take this opportunity to emphasize the achievements of Nvidia in the AI boom and demonstrate the company's long-term growth prospects. Some comments also believe that any relevant comments by Huang Renxun may become a driving force for the stock price. Huang Renxun's comments on AI chips during his recent trip to Asia have caused the stock price to rebound, and his related comments may boost market sentiment and make investors feel that Nvidia has not yet reached its revenue peak.

Thanks to increased subsidies from the Chinese government in key markets and stimulating domestic sales of electric vehicles, Wall Street expects Tesla to achieve year-on-year positive growth in quarterly sales for the first time this year.

Results from Bloomberg's analyst survey show that analysts expect Tesla's global delivery volume in the third quarter of this year to be around 0.4639 million units, an increase of about 7% from the same period last year.

Barclays analyst Dan Levy expects Tesla to deliver 0.47 million vehicles globally in the third quarter, with the strong performance in the Chinese market being a timely help for Tesla, helping to offset the continued weakness in the US and European markets.

Levy wrote in the report that Barclays expects Tesla's delivery volume to increase by 8% year-on-year in the third quarter, and 6% quarter-on-quarter. If performance exceeds expectations, it may boost Tesla's stock price on the day of the release of the self-driving taxi Robotaxi, further reminding everyone that at least for now concerns about the fundamentals have dissipated.

Piper Sandler analyst Alexander Potter has raised expectations for Tesla's delivery volume, currently expecting Tesla to deliver 0.459 million units globally in the third quarter, with an annual delivery volume of 1.75 million units. Potter's raised expectations are still slightly below market consensus, but he believes Tesla's quarterly performance in China may reach a historical high.

Renowned Tesla bull, Wedbush analyst Dan Ives predicts that not only will Tesla's sales improve in the third quarter, but the profitability that has sharply declined over the past year may also finally see some improvement.

In last week's report, Ives wrote that it is important to note that Wedbush believes "price cuts are now essentially a thing of the past," which should address the profit margin issue that has been plaguing Tesla for the past year. "We believe that the gross margin should eventually start rebounding from those levels (of the past year) and make significant progress in the third quarter."

Editor/Jeffy