"We expect another jaw dropper tomorrow from the Godfather of AI Jensen that will put jet fuel in this bull market engine," wrote Ives on Tuesday, reaffirming his underlying investment thesis. In his view, Nvidia's bombshell-proof market share effectively means it is the "only game in town" and can expect $1 trillion or more in capex spending from customers.
While founder Jensen Huang will feel the heat if he cannot deliver a bullish quarterly report, the pressure this time is not nearly as intense as in August, when seemingly the fate of the entire stock market hung on his every word after several big name tech companies disappointed.
Yet Huang is still expected to set the tone for the industry moving forward as investors will be eager for clues on the health of the generative artificial intelligence boom. Nvidia has been a chief profiteer of the investment wave, since it supplies roughly 9 out of 10 AI training chips to data centers.
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