What Wall Street Is Saying About Nvidia's Results

Nvidia’s earnings report was getting rave reviews from analysts, who are generally backing the stock to roar higher from here as it sells more systems powered by Blackwell chips.

“Concerns about the impact of more stringent China export controls seem to have been largely overstated and Nvidia is offsetting China revenue headwinds with sustained strong growth for its Blackwell rack system (NVL72), which is in full production,” wrote William Blair analyst Sebastien Naji, who kept an Outperform rating on the stock.

The major hyperscalers –the largest cloud computing providers– are each deploying 1,000 NVL72 racks per week, noted Naji, even before the next-generation Blackwell Ultra systems start to ship.