Nvidia Is The “Foundational Piece” Of AI Revolution, Says Dan Ives Ahead Of Earnings

• Dan Ives called Nvidia ‘a foundational piece of this AI Revolution’.
• Analysts expect Nvidia to post a Q3 revenue of $54.8 billion and EPS of $1.25.

Dan Ives, managing director at Wedbush Securities, has doubled down on his bullish stance on Nvidia, calling it one of the indisputable forces behind the AI revolution.

In a post on X, Ives expressed optimism about the AI bellwether’s upcoming earnings report, scheduled for November 19. 

“Nvidia is a foundational piece of this AI Revolution and we expect Nvidia will

handily exceed Street estimates this week,” Ives said in the post.

Third-Quarter Expectation

According to Fiscal AI data, analysts expect Nvidia to post a Q3 revenue of $54.8 billion and earnings per share (EPS) of $1.25. 

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