Nvidia Corp (NASDAQ:NVDA) is scheduled to report its first-quarter earnings on Wednesday. A top analyst said that investors are increasingly focused not on whether the chipmaker beats expectations, but whether CEO Jensen Huang can convince Wall Street that the AI infrastructure boom still has years of growth ahead.
AI Supercycle Faces Its Biggest Test Yet
In a statement to Benzinga, Daniel Newman, CEO of The Futurum Group, said Nvidia’s upcoming earnings report is “the most consequential print of the AI cycle,” arguing the company’s guidance and commentary now matter more than the quarter itself.
“The market has priced the company as the central nervous system of the AI economy,” Newman said, adding that investors are now watching whether the AI spending surge can continue into fiscal 2028 and beyond.
Wall Street expectations have climbed above Nvidia’s own guidance for the first time in this AI cycle, with analysts looking for roughly $80 billion in quarterly revenue and about $86 billion in the second-quarter guidance.
According to Newman, “A clean $80B+ print is necessary. It is not sufficient.”
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