Mizuho analyst Vijay Rakesh said a Q2 earnings beat for NVIDIA (NVDA.O) is
largely priced in and the market will focus on guidance for AI capital spending
and next‑year AI revenue. He models adjusted EPS of $2.08 and revenue of $92.0
bln but expects actuals to be materially higher, and he retains an Outperform
rating with a $300 PT. Rakesh called Wall Street's $550 bln next‑year AI revenue
estimate conservative, saying NVIDIA's recent financing with a Wall Street
consortium and SpaceX's plan for an ~10 GW solar plant in Austin could together
add an incremental $400–500 bln of AI revenue.
