Wedbush analysts highlight that Nvidia is the only company whose capital expenditures on artificial intelligence (AI) are expected to exceed $1 trillion in the coming years, with its graphics processors being deemed the "new oil and gold in this world."
“We believe that the path to a market capitalization of $4 trillion and above by 2025 starts today,” state the analysts led by Daniel Ives.
They forecast that Nvidia will achieve another revenue increase of $2 billion in the third quarter, coupled with a strong outlook for the future, which they believe is a key factor in investor confidence.
Wedbush also emphasizes that the production and demand for Nvidia's Blackwell chips remain high, and the investment bank anticipates “very bullish” comments from CEO Jensen Huang.