Nvidia Stock Soars: Why Wall Street Predicts Growth

Analysts are confident that Nvidia’s new Blackwell chip lineup is positioning the company for a strong financial performance next year. While Nvidia’s most recent earnings report didn’t exceed forecasts as significantly as in prior quarters, many on Wall Street believe the company is set to outperform moving forward.

Cantor Fitzgerald analyst C.J. Muse sees Nvidia as having the highest potential for upside among the companies they track, largely due to the anticipated success of the Blackwell chip. Nvidia expects to generate “several billion” dollars in revenue from the product in the January quarter, with Wall Street estimates hovering around $4 billion.

Muse projects Nvidia’s January-quarter revenue could reach $37 billion, and the April-quarter could hit $41 billion, both approximately $1 billion above current forecasts.

Nvidia CEO Jensen Huang has described demand for the Blackwell chip as “insane,” and Muse believes this demand, combined with Nvidia’s track record of execution, could lead to a significant boost in revenue. He called this upcoming product cycle Nvidia’s most impactful yet, reaffirming the company as their “TOP PICK.”

Nvidia’s stock continued its upward momentum on Tuesday, gaining 4% and marking five straight days of growth. The stock is now just 2% below its all-time high. Mizuho analyst Jordan Klein noted that both long-term and hedge fund investors are becoming more optimistic about Nvidia’s prospects in 2025, expecting Blackwell’s demand to far exceed supply.

Additional excitement was fueled by comments from Hon Hai Precision Industry Co. Ltd., a manufacturer of AI servers, which also pointed to robust Blackwell demand in a Bloomberg interview.