--- title: "Nvidia Earnings No Longer About Beating Estimates, But About Whether Jensen Huang Can Prove AI Supercycle Still Has Years Left: Top Analyst" type: "News" locale: "en" url: "https://longbridge.com/en/news/287018037.md" description: "Nvidia's upcoming earnings report is seen as a critical test for CEO Jensen Huang to demonstrate the longevity of the AI supercycle. Analysts expect revenue around $80 billion, with guidance for the second quarter between $86 billion and $88 billion. Investors are also focused on Nvidia's transition to next-gen Rubin systems and potential impacts from China. The earnings could significantly influence the broader AI market, affecting companies like AMD and Broadcom." datetime: "2026-05-20T06:31:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287018037.md) - [en](https://longbridge.com/en/news/287018037.md) - [zh-HK](https://longbridge.com/zh-HK/news/287018037.md) --- # Nvidia Earnings No Longer About Beating Estimates, But About Whether Jensen Huang Can Prove AI Supercycle Still Has Years Left: Top Analyst **Nvidia Corp** (NASDAQ:NVDA) is scheduled to report its first-quarter earnings on Wednesday. A top analyst said that investors are increasingly focused not on whether the chipmaker beats expectations, but whether CEO **Jensen Huang** can convince Wall Street that the AI infrastructure boom still has years of growth ahead. ## **AI Supercycle Faces Its Biggest Test Yet** In a statement to Benzinga, **Daniel Newman**, CEO of **The Futurum Group**, said Nvidia's upcoming earnings report is "the most consequential print of the AI cycle," arguing the company's guidance and commentary now matter more than the quarter itself. "The market has priced the company as the central nervous system of the AI economy," Newman said, adding that investors are now watching whether the AI spending surge can continue into fiscal 2028 and beyond. Wall Street expectations have climbed above Nvidia's own guidance for the first time in this AI cycle, with analysts looking for roughly $80 billion in quarterly revenue and about $86 billion in the second-quarter guidance. According to Newman, "A clean $80B+ print is necessary. It is not sufficient." **Read Also: Ross Gerber Says 'Pay Attention' To Nvidia And Micron As Jensen Huang Predicts AI Explosion** ## **Blackwell, Rubin And China In Focus** Investors are also closely monitoring Nvidia's transition from its **Blackwell** AI platform to next-generation **Rubin** systems. Newman said the key risk is whether customers delay Blackwell purchases while waiting for Rubin, potentially creating a temporary slowdown in orders. However, he noted Nvidia's annual product cadence is designed to avoid such disruptions. The analyst also highlighted China as a major wildcard after reports suggested Washington earlier this month cleared limited **H200** chip sales to some Chinese firms. "Any language on the call about timing, framework, or unit economics for a China re-entry path is the single biggest variable for the stock," Newman said. ## **Why Nvidia Earnings Could Move The Entire AI Market** The analyst also said that Nvidia's earnings could influence a wide range of AI-related companies, including **Advanced Micro Devices, Inc.** (NASDAQ:AMD), **Broadcom Inc.** (NASDAQ:AVGO), **Micron Technology, Inc.** (NASDAQ:MU) and **Taiwan Semiconductor Manufacturing Company** (NYSE:TSM). Newman's base case calls for revenue between $79 billion and $81 billion, gross margins above 75% and second-quarter guidance in the $86 billion to $88 billion range — a result he believes would validate the AI "supercycle" narrative. In February, Nvidia reported fourth-quarter revenue of $68.13 billion, up 73% year over year and ahead of analysts' expectations of $66 billion. **Price Action:** Shares of Nvidia closed Tuesday at $220.61, down 0.77% and rose 0.42% to $221.54 in after-hours trading, according to Benzinga Pro. According to **Benzinga Edge Stock Rankings**, NVDA ranks in the 98th percentile for Growth and continues to maintain a strong bullish price trend across its short, medium and long-term price trends. **_Disclaimer_:** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors_. **Read Also: Elon Musk Agrees With Jensen Huang That Humans Shouldn't Be Wrangling Spreadsheets, But Nvidia CEO Says People Who Use AI Will Have The Edge** _Photo Courtesy: FotoField on Shutterstock.com_ ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Cerebras Systems Is Being Called the Next Nvidia, But 2 Surprising Details Change the Story](https://longbridge.com/en/news/287056858.md) - [NVIDIA CEO Jensen Huang at Dell Technologies World: “Demand Is Going Parabolic, Utterly Parabolic”](https://longbridge.com/en/news/286825813.md) - [Most People Won't Lose Jobs To AI, Nvidia CEO Jensen Huang Says — But 'Will Lose Their Job To Somebody Who Uses AI'](https://longbridge.com/en/news/286996639.md) - [Nvidia’s AI Lead Is Back in Focus as Wolfe Research Doubles Down](https://longbridge.com/en/news/286680544.md) - [Nvidia surpasses silver as world’s second-largest asset](https://longbridge.com/en/news/286453233.md)