Mizuho analyst predicts NVIDIA's Q2 earnings will surpass expectations, focusing on AI spending outlook.

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Mizuho analyst Vijay Rakesh said NVIDIA (NVDA.O) is likely to exceed Q2 earnings forecasts, with the market closely watching AI spending guidance. Rakesh expects the company to outperform on both earnings and revenue, with a $300 price target. He noted that Wall Street’s $55 billion AI revenue forecast for next year is too low, citing potential for an additional $40–50 billion. The market outlook remains bullish as demand for AI continues to grow. Altcoins to watch may also benefit from broader tech momentum.

BlockBeats news, on August 27, Mizuho analyst Vijay Rakesh said that NVIDIA's (NVDA.O) second-quarter earnings beat expectations is now consensus; the market's true focus is on AI spending outlook. Rakesh stated, "The emphasis is on guidance regarding next year's AI capital expenditures and revenue performance."


Analysts expect NVIDIA's adjusted earnings per share to be $2.08 and revenue to reach $92 billion. Rakesh expects the actual figures to significantly exceed these estimates and maintains an "Outperform" rating with a $300 price target.


Rakesh believes Wall Street’s expectation of $550 billion in AI revenue next year is overly conservative, noting that NVIDIA’s recent financing agreement with Wall Street consortia, combined with SpaceX’s plan to build a gigawatt-scale solar facility in Austin, “could alone generate an additional $400–500 billion in AI revenue.” (Jinshi)

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