"NVIDIA ( NASDAQ: NVDA) has been the undisputed face of the AI , share are up 31% year-to-date, and coming off a +8% earnings surprise last quarter which sent shares higher heading into Q2's release. Competitors like AMD ( NASDAQ: AMD) dropped after recent earnings despite beating estimates, but data center revenue holding the stock back. All eyes are on whether NVIDIA can turn its record-breaking AI demand into another earnings beat tonight."
"Blackwell Ramp & Inference Demand- Blackwell GPUs already represent ~70% of Data Center compute revenue. CEO Jensen Huang called inference demand a "step-function leap," with reasoning AI models requiring 100-1000x more compute than chatbots. Export Controls & China TAM- CFO Colette Kress noted NVIDIA was unable to ship $2.5B in China H20 GPUs last quarter, and guidance implies an $8B Q2 revenue hole from export restrictions. The company assesses China AI TAM at ~$50B."
NVIDIA is forecast to report Q2 revenue near $46.13 billion and normalized EPS around $1.01, with FY2026 revenue guidance of $203.4 billion and FY2027 at $261.5 billion. Shares are up about 31% year-to-date after a prior +8% earnings surprise. Blackwell GPUs now account for roughly 70% of Data Center compute revenue, driving a surge in inference demand described as a step-function leap as reasoning AI models require 100–1000x more compute than chatbots. Export controls have created multibillion-dollar China revenue shortfalls, while sovereign AI buildouts and enterprise adoption represent major long-term catalysts.
Read at 24/7 Wall St.
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