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.

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Analyst Says Street Underestimates Nvidia AI Demand

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