Wall Street Sees Strong Q2 For Nvidia Amid AI Spending Rise: Retail Gets Ready For Earnings

Nvidia Corp. (NVDA) received bullish signals from Wall Street analysts as it heads into its fiscal second-quarter (Q2) earnings expected after Wednesday’s closing bell. 

According to a CNBC report, JPMorgan’s Harlan Sur emphasized that cloud giants and hyperscalers have boosted capex forecasts for Q2 2025, an indicator of improving AI fundamentals. 

“We believe near-term AI fundamentals are strong, driven by strong hyperscale capex spending. This trend is evident in the upward revision in capex during the Q2 2025 earnings season by the cloud/ hyperscale companies, and the strong results/guidance telegraphed by other AI beneficiaries (e.g., MTSI, ALAB, AMD).” 

Nvidia stock traded over 1% higher on Monday afternoon. On Stocktwits, retail sentiment toward the stock remained in ‘bullish’ territory amid ‘normal’ message volume levels. 

The stock experienced a 115% surge in user message count in 24 hours. A Stocktwits user sounded bullish on the stock. 

According to the CNBC report, Goldman Sachs projected Q2 revenue of between $46 billion and $47 billion, increasing to a range of $53 billion to $54 billion for Q3 as Nvidia ramps up shipments of GB200 and prepares for GB300 launches. 

Koyfin data shows 58 analysts rate Nvidia a ‘strong buy’ or ‘buy,’ with only six at ‘hold’ and just one at ‘sell.’ The stock has gained over 35% year-to-date and over 43% in the last 12 months. 

The chip giant sees Q2 revenue of $45 billion, plus or minus 2%. As per Fiscal AI data, analysts expect Nvidia’s Q2 revenue to be $45.8 billion and earnings per share (EPS) to hit $1.00.

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