Nvidia's Earnings Boost: Top Analyst Predicts AI 'Boom Is Just Starting'

Nvidia reported Q2 FY26 earnings of $46.74 billion, up 56% YoY, with net income of $26.42 billion and $1.08 per share. Wedbush Securities analyst Dan Ives said the AI "boom is just starting," with Nvidia's growth expected to continue. The stock slipped slightly after earnings but Ives expects it to recover.

NVIDIA (NVDA) reported its Q2 FY26 earnings, showcasing a 56% year-over-year (YoY) revenue increase to $46.74 billion, with net income of $26.42 billion and earnings per share of $1.08. While the results exceeded Wall Street expectations, the stock experienced a slight dip post-earnings release, reflecting investor concerns about the AI market's sustainability.

Wedbush Securities analyst Dan Ives remained optimistic, stating that the AI "boom is just starting" and expects NVIDIA's growth to continue [1]. However, the company faced headwinds, including a potential $2–$5 billion loss in Q3 revenue due to a ban on H20 sales to domestic customers in China [2]. Despite this, NVIDIA's technological moat and alignment with secular trends position it to outperform peers as AI transitions from experimentation to enterprise-scale deployment [3].

Analysts also noted that NVIDIA's stock has climbed roughly 35% since its first-quarter results in May, adding more than $1 trillion in market value, underscoring the centrality of AI-driven growth to the company's story [4]. Despite these challenges, NVIDIA's positioning in AI infrastructure and accelerating adoption trends could keep long-term growth prospects intact.

References:
[1] https://www.shacknews.com/article/145690/nvidia-nvda-q2-2026-earnings-results
[2] https://www.pbs.org/newshour/economy/nvidias-latest-quarter-shows-signs-of-ai-chip-sales-slump-amid-concerns-of-tech-bubble
[3] https://www.ainvest.com/news/nvidia-record-revenue-raises-questions-ai-boom-sustainability-2508/
[4] https://finance.yahoo.com/news/nvidia-stock-set-surge-wall-210120680.html