BlockBeats News, August 27th, Mizuho Securities analyst Vijay Rakesh stated that NVIDIA (NVDA.O) surpassing second-quarter earnings expectations has become the consensus, with the market's true focus on AI spending outlook. Rakesh noted, "The key is the content on next year's AI capital expenditure and revenue performance."

The analyst expects NVIDIA's adjusted earnings per share to be $2.08, with revenue of $92 billion. Rakesh anticipates actual data to far exceed this forecast level, and maintains an "outperform" rating and a $300 price target.

Rakesh believes that Wall Street's expectation of $550 billion in AI revenue next year is conservative, pointing out NVIDIA's recent financing agreement with Wall Street consortiums, along with SpaceX's plan to build a multi-billion-watt solar power plant in Austin, "these two alone could potentially bring an additional $400-500 billion in AI revenue." (Jinse)