BofA: Nvidia's next earnings report could kick off a "multi-quarter upgrade cycle"

Impact · against what's priced in

Nvidia's outlook is potentially bullish as BofA forecasts guidance of $107B–$108B, exceeding the current Wall Street consensus of $104B. The news provides a catalyst via the ramp-up of the Vera Rubin platform and record-high GPU rental prices, which may mitigate ROI concerns.

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In context

BofA predicts a guidance raise to $107B–$108B, which is meaningfully higher than the $104B the market is currently modeling, alongside shipments of the new Vera Rubin platform.

Read from the article alone

• guidance▲17%
• earnings▲5%
• semiconductors
• NVDA
• ai
• SEE
• chips
• cloud spending