"There's no more room for debate!" Renowned analyst: NVIDIA's earnings report validates the unprecedented demand for AI

Breaking through various doubts from the outside world, the future of AI is more certain, and the market will embrace technology stocks with greater confidence. Overnight, NVIDIA shone with results that exceeded expectations, with Q2 revenue and profits doubling and guidance exceeding expectations. In response, renowned Wedbush analyst Daniel Ives stated: "The 'Godfather of AI,' Jensen Huang, and NVIDIA have delivered an outstanding performance, akin to hitting a home run. The earnings report and guidance are like smashing a microphone and smashing a guitar, pushing the atmosphere of this AI carnival to a climax, which will have a chain effect on the technology sector in the second half of this year." Daniel believes: In the midst of the AI "gold rush," we are witnessing an "unprecedented" demand. The Q3 revenue guidance of $16 billion is significantly higher than the consensus value of $12.6 billion, which will ignite a rebound in technology stocks that will continue into the second half of this year. Daniel sees NVIDIA's performance as the best barometer of AI spending: We consider these results and guidance as a historic moment for the technology industry, as the wave of AI spending in the coming years is about to arrive. We are currently in the research and infrastructure construction stage of AI, and it will eventually form a massive spending cycle. Software, digital media, large technology companies, and chip companies will be the primary beneficiaries of this spending.