Analysts throughout Wall Road are feeling good about Nvidia forward of the graphic processing unit designer’s earnings report due out after Wednesday’s closing bell. A number of sell-side outlets identified that hyperscalers — which make up Nvidia’s main buyer base — have already indicated robust capex spending of their newest spherical of earnings. Due to this fact, this could bode properly for Nvidia’s upcoming outcomes. “We consider near-term AI fundamentals are robust, pushed by robust hyperscale capex spending. This pattern is clear within the upward revision in capex through the Q2 2025 earnings season by the cloud/ hyperscale firms, and the robust outcomes/steerage telegraphed by different AI beneficiaries (e.g., MTSI, ALAB, AMD),” wrote JPMorgan analyst Harlan Sur. Shares of Nvidia have soared 33% in 2025, outpacing the S & P 500’s 10% achieve in that point. Analyst sentiment on the inventory is overwhelmingly bullish. LSEG information reveals that 58 analysts overlaying the inventory fee it a robust purchase or purchase, whereas six give it a maintain and one charges it underperform. Listed here are among the optimistic endorsements given to the corporate from analysts forward of the quarterly report: JPMorgan “For Nvidia, we count on Jul-Qtr outcomes to be barely higher than our/ consensus estimates and Oct-Qtr steerage to be in-line/barely higher than consensus (we count on $46-$47B in Jul-Qtr revenues and Oct-Qtr rev information of $53- $54B+) pushed by the GB200 cargo ramp and the beginning of the GB300 ramp.” Goldman Sachs “To be clear, we stay very bullish on Nvidia’s prospects for driving outsized progress in 2026, based mostly on optimistic hyperscaler CapEx commentary and the prospects for non-traditional buyer demand we see. Nevertheless, based mostly on our evaluation of historic buying and selling patterns, we consider it could be troublesome for the inventory to outperform within the subsequent few months given a possible lack of exhausting information to catalyze upward estimate revisions.” Baird “Elevating our income and EPS estimates on a big acceleration in GB200 sell-through shipments in July and anticipated ongoing cargo momentum; xAI shipments might be F4Q weighted … GB300 is on observe for an preliminary late September launch, and represents a big efficiency step-up versus GB200.” Stifel “We goal to construct a view into the muse of the mosaic of NVDA’s end-customers, which in totality embody CSPs (hyperscalers), neo-clouds, sovereigns, and enterprises. We spotlight: (i) CSPs are persevering with to level to rising general CapEx numbers and (ii) whereas they level to top-line CapEx ultimately moderating within the few years (not proven beneath), there may be caveat the that inside-the-data-center belongings (predominantly accelerators and networking) will proceed to develop, which helps a longer-tailed progress outlook for NVDA GPU gross sales.” Wedbush “The items of the AI puzzle are forming with large energy from the hyperscalers seen this previous earnings season and use circumstances constructing throughout the board on the enterprise…now the most important and most vital piece within the AI puzzle is listening to from Jensen and Nvidia round demand tendencies particularly with a inexperienced gentle now on the China market.”