Nvidia’s Q2 Earnings Show Jensen Huang’s Continued Domination, Says Dan Ives: Wedbush MD Sees Tech Stocks Shooting Higher

Wedbush Securities Managing Director Dan Ives said on Thursday that Nvidia’s second-quarter (Q2) results reiterate the dominance of the ‘Godfather of AI,’ Jensen Huang, in the sector.

In an interview with Bloomberg, Ives predicted that Nvidia’s Q2 results would revalidate his expectations that technology stocks would continue to rise.

“The reality is that when you look at data center and then you actually factor in what China’s going to be when you look at $2-$5 billion, and when you look at the acceleration [in the] next few quarters, then there’s no reason it (Nvidia’s earnings) is not accelerating,” Ives said.

Nvidia’s shares declined nearly 2% during Thursday morning trade. Retail sentiment on Stocktwits around the company was in the ‘extremely bullish’ territory.

Ives added that, with the pay-to-play model now in effect in China, referring to President Trump's proposed 15% cut in revenue from sales of artificial intelligence chips to China, Nvidia could be looking at a $30 billion boost to its top line. “The Godfather of AI, Jensen Huang of Nvidia, continues to dominate this. I think this is just a further validation [that] tech stocks [will] go higher,” he added, according to the interview.

The tech bull reiterated that Nvidia’s market capitalization could reach $5 trillion by the end of 2025 or early 2026. Nvidia’s current market capitalization stands at $4.36 trillion, with its stock hovering at $179 at the time of writing. A surge to $5 trillion would require the stock to rise 15% from current levels, which would bring the Nvidia share price up to $205.

NVDA stock is up 33% year-to-date and 42% over the past 12 months.

Also See: Dow Futures Edge Up As Wall Street Digests Nvidia Results: NVDA, SNOW, HPQ, DG, MRVL Among Stocks To Watch

For updates and corrections, email newsroom[at]stocktwits[dot]com.