BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

Analyst Says Street Underestimates Nvidia AI Demand

Analyst says Wall Street underestimates Nvidia's AI demand, sparking stock rise.

  • Analyst Dan Ives asserts Wall Street significantly underestimates the sustained demand driving NVIDIA Corp.’s (NVDA) AI-fueled growth.
  • Ives lauded the company’s recent performance in extreme terms, comparing it to Michael Jordan while highlighting its massive $78 billion revenue outlook.
  • Following the bullish commentary, Nvidia shares traded more than 1% higher in Thursday’s premarket session.

On Thursday, Dan Ives, managing director at Wedbush Securities, told Bloomberg Television that market analysts are failing to comprehend the magnitude of demand powering Nvidia Corp.‘s expansion. He specifically pointed to relentless spending on Artificial Intelligence and data centers as the core drivers.
Consequently, Ives described Nvidia‘s latest financial results in the most glowing terms available. He even drew a parallel between the chipmaker’s dominance and the legendary career of basketball icon Michael Jordan.
“The street continues to underestimate Nvidia’s demand. What we saw from Nvidia, the AI bubble eccentric gets thrown out the window,” Ives stated. This emphatic quote underscored his view that the company’s fundamentals defy simplistic bubble narratives.
Meanwhile, he emphasized the sheer scale of the firm’s projected $78 billion in revenue for the coming quarter. This staggering forecast highlights the transformative economic weight of the current AI investment cycle.
Investors reacted positively to this bullish analysis in early trading. Nvidia‘s stock traded over 1% higher during Thursday’s premarket activity, reflecting renewed confidence.
You can get updates to this developing story directly on Stocktwits.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

EU sanctions HTX, Huobi for aiding Russia’s war machine

The Council of the European Union has sanctioned Justin Sun-owned cryptocurrency exchanges HTX and...

Crypto groups urge Senate to pass CLARITY Act before August recess

Three major crypto advocacy groups urged Senate leaders to prioritize a floor vote on...

BlueNoroff uses typosquatted Zoom domains in phishing

North Korean threat actor BlueNoroff is running ClickFix-style campaigns using typosquatted Zoom and Microsoft...

META Stock Dips Below $600; Wedbush Sets $671 Target

META stock dipped below $600, falling 3.36% on Thursday amid broad tech sector selloffs...

World Foundation Raises $52.5M for Sam Altman’s ‘Proof of Human’

The World Foundation raised $52.5 million in a token sale led by Pantera Capital...

Must Read

Crypto in New York: The 2026 Guide to Legal Exchanges and BitLicense Regulations

TL;DR: Trading crypto in New York is legal but heavily regulated by the New York Department of Financial Services (NYDFS). Platforms must hold a BitLicense...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading