Nvidia (NVDA) is gearing up to release its second quarter earnings results next Wednesday, August 28; however, analysts at KeyBanc reiterated their Overweight rating on the stock, claiming issues with Nvidia’s latest version of its Blackwell chip.
KeyBanc Capital Markets equity research analyst John Vinh joins Market Domination to give insight into the Overweight rating and what he thinks about Nvidia’s upcoming earnings.
"There’s going to be no near-term impact on that Blackwell delay in terms of their Q2 results and Q3 guidance. Blackwell was originally only going to start ramping maybe towards the end of the July quarter. Contributions into the October quarter were really, really supposed to be very modest," Vinh explains to Yahoo Finance. "And what we’re kind of hearing from customers is that a lot of that Blackwell backlog has largely been backfilled with additional incremental Hopper orders."
If Vinh could ask Nvidia CEO Jensen Huang a question, he would ask: "The big thing with Nvidia with Blackwell is they are moving to a system level, rack level scale architecture with GB200. That’s the big question mark. The concerns there is that going to be able to ramp on time and ramp in meaningful volumes next year?"
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