Nvidia's Blackwell Chip Poised to Drive Major Revenue Beats. Stock Nears All-Time High Amid Blackwell Demand Surge

Benzinga
Benzinga
  • 9 hours ago
Nvidia is poised for major earnings beats, according to Cantor Fitzgerald analyst CJ Muse. Nvidia forecasts several billion dollars from Blackwell in the January quarter, and Wall Street's estimate is approximately $4 billion. Muse expects Nvidia's January and April quarter revenues to surpass consensus estimates by approximately $1 billion each. Chief Executive Jensen Huang cites insane demand for Blackwell, fueling expectations for Nvidia's biggest product cycle. Nvidia stock rose 4% Tuesday, marking five consecutive days of gains.

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