Nvidia Earnings Live Updates: Stock Gains Amid Chip Demand and DeepSeek Highlights

Bank of America analysts have shared positive expectations regarding Nvidia’s financial performance. They anticipate that Nvidia will exceed earnings predictions and have projected a significant rise in the company’s revenue from data centers for the year 2025, estimating an impressive 60% increase from the previous year.

Vivek Arya, an analyst from Bank of America, noted in a recent report that, despite the introduction of DeepSeek’s new efficiency optimizations, major customers like Microsoft and Meta have not changed their spending plans with Nvidia. Arya emphasized that improvements in both hardware and software are essential for computing, which is why he does not foresee any reduction in sales for Nvidia as a result of DeepSeek’s enhancements.

Looking ahead, Arya indicated that the upcoming Nvidia GTC conference in March is a crucial event for the company. This conference is expected to shift investor attention away from the current Blackwell architecture to Nvidia’s future products. Among these future offerings are the Rubin GPU and advanced solutions for autonomous robots, which may captivate investor interest.

According to Bank of America, Nvidia is rated as a “Buy,” with a target price set at $190 per share. This positive outlook suggests strong confidence in the company’s future market performance and the potential for growing revenues, especially as they introduce new technologies and maintain their relationships with major clients.

In summary, analysts at Bank of America believe that Nvidia will not only continue to thrive but will also experience substantial growth in the coming years, irrespective of recent technological developments like DeepSeek. The company’s strong market position and forthcoming innovations are expected to drive sales and attract investor attention as they unveil new products.