Nvidia (NVDA) is ready to report fourth-quarter outcomes after the market closes Wednesday, with analysts extensively bullish on the AI chipmaker’s inventory.

All however one of many 18 analysts protecting the inventory tracked by Seen Alpha have issued “purchase” or equal scores, with one analyst giving the inventory a “maintain” ranking. Their consensus value goal of about $175 would indicate 30% upside from Friday’s closing value.

Wedbush and Oppenheimer analysts, who reiterated $175 value targets Thursday, urged booming demand for the corporate’s superior chips as Big Tech firms ramp up spending on AI infrastructure may result in one other strong quarter.

Nvidia is projected to submit report quarterly income of $38.32 billion, up 73% year-over-year, based on estimates compiled by Seen Alpha. Internet revenue is anticipated to climb to $21.08 billion, from $12.84 billion a 12 months earlier.

UBS analysts, who maintained a $185 value goal, famous «investor expectations having crept up a bit just lately,» and added provide chain enhancements may imply larger gross sales of Nvidia’s Blackwell line. UBS practically doubled its estimate for Blackwell’s contribution to fourth-quarter income to $9 billion, up from $5 billion beforehand.

Oppenheimer additionally indicated the rapid rise of Chinese AI startup DeepSeek may in the end show «constructive» for the chipmaker, as competitors pushes Nvidia’s American shoppers to step up their efforts within the AI race as an alternative of pulling again.

Nvidia shares dropped 4% to shut at $134.43 Friday amid a broader market decline. They’ve gained about three-quarters of their worth over the previous 12 months.

UPDATE—Feb. 21, 2025: This text has been up to date because it was first printed to mirror newer share value values.