AI powerhouse Nvidia Corp. (NASDAQ:NVDA) did not disappoint with its quarterly results, which were released Wednesday after the market close. Following the earnings release, most Street analysts doubled down on their bullishness.
Encouraging Results: Key Banc Capital Markets analyst John Vinh, who has an Overweight rating on the stocks, said the first-quarter results and the second-quarter guidance were meaningfully above expectations. The upside came primarily from the Data Center business, which reported year-over-year revenue growth of 427%, he said. Strength was also evident in the enterprise, consumer internet, and cloud customers (45% of revenue), he added.
Within the enterprise, auto companies such as Tesla are expected to be the largest vertical this year, potentially driving several billion in revenues, Vinh said.
The analyst expects sovereign AI deployment to start to inflect, contributing high-single-digit billion-dollar revenue this year.
Delving into the company's product updates, the analyst noted that H200 demand was growing throughout the first quarter, with shipments starting in the fiscal second quarter. China-compliant SKU, namely H20 began shipping, and the first-iteration of Blackwell accelerators, namely B100, was in full production and will begin shipping in the second quarter and ramping in the third quarter, he noted. Blackwell's demand notably outstripped its supply into next year, he added.
Vinh expects near-term growth to be driven by the ramp of H200 and initial contributions from B100. "We're encouraged with the strong results....and view NVDA as best positioned in semis to benefit from Generative AI," he said.
Vinh raised the price target for the shares from $1,200 to $1,300, suggesting roughly 37% upside potential.
Explosive DC Growth: GraniteShares' Paul Marino lauded the company for once again beating the highest expectations on both the top and bottom lines.
"Data Center revenues exploded as the AI revolution is real and Nvidia is the beneficiary," he said.
The 120% dividend hike and the 10-for-1 stock split announcement, Marino said, reflected management confidence.
Nvidia shares rose 6.06% to $1,007.00 in premarket trading on Thursday, according to Benzinga Pro data.
人工智能巨頭英偉達公司（納斯達克股票代碼：NVDA）週三收盤後公佈的季度業績並沒有讓人失望。業績發佈後，大多數華爾街分析師加倍看漲。
令人鼓舞的業績：對股票進行增持評級的銀行資本市場主要分析師約翰·榮表示，第一季度業績和第二季度指引明顯高於預期。他說，上行空間主要來自數據中心業務，該業務報告的收入同比增長427％。他補充說，企業、消費互聯網和雲客戶（佔收入的45％）的實力也很明顯。
榮說，在企業內部，特斯拉等汽車公司預計將成爲今年最大的垂直行業，有可能推動數十億美元的收入。
這位分析師預計，主權人工智能的部署將開始產生影響，今年將帶來數十億美元的高個位數收入。
分析師在深入研究該公司的產品更新時指出，上半年的需求在整個第一季度都在增長，第二財季開始出貨。他指出，符合中國標準的SKU，即H20已開始發貨，而Blackwell加速器的第一代產品即B100已全面生產，將在第二季度開始發貨，並在第三季度增加發貨。他補充說，到明年，布萊克韋爾的需求明顯超過了供應。
Vinh預計，短期增長將受到200年上半年的增長和B100的初始捐款的推動。他說：“強勁的業績令我們感到鼓舞... 並認爲NVDA在半決賽中處於最佳地位，可以從生成式人工智能中受益。”
Vinh將股票的目標股價從1200美元上調至1300美元，表明上漲潛力約爲37％。
華盛頓特區的爆炸性增長：GraniteShares的保羅·馬裏諾稱讚該公司的收入和利潤再次超過了最高預期。
他說：“隨着人工智能革命的到來，Nvidia是受益者，數據中心收入激增。”
馬裏諾說，120％的股息上調和10比1的股票拆分公告反映了管理層的信心。
根據Benzinga Pro的數據，英偉達股價在週四盤前交易中上漲6.06％，至1,007.00美元。
