The Bad PlaceUS Top News and Analysis | Nvidia earnings expectations are high. Why HSBC expects the chipmaker to clear the bar
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HSBC expects Nvidia to deliver a strong fiscal first‑quarter report and even stronger guidance, raising its price target from $295 to $325, which implies about a 46 % upside from the Monday close. HSBC analyst Frank Lee predicts the chipmaker will beat Q1 expectations and lift its second‑quarter outlook, citing sustained earnings momentum from the Blackwell and Rubin GPU families, expanding total addressable market opportunities beyond traditional hyperscalers, and ongoing deals outside the hyperscaler segment. He notes that Nvidia’s current GPU roadmap and pricing hikes are already well understood by the market. Nvidia’s shares are up more than 19 % year‑to‑date, making it the largest stock in the S&P 500 with a market capitalization exceeding $5 trillion, heightening Wall Street’s focus ahead of the earnings release.
Variety