Still doubting the "AI hype"? Wedbush: Q1 earnings season proves everything, next catalyst will be Nvidia

格隆汇 May 12｜Renowned Wall Street investment bank Wedbush recently stated that the Q1 earnings season for US stocks has sounded the alarm for tech skeptics watching the artificial intelligence (AI) revolution from the sidelines, and Nvidia's upcoming earnings release next week is expected to become another catalyst for tech stock gains. The team led by the bank's well-known analyst Dan Ives pointed out in an investor report published on Monday that recent earnings reports from multiple technology companies clearly indicate that enterprise-level AI spending is accelerating, not slowing down.Wedbush analysts noted that these performance results confirm that AI is moving from a concept to contributing substantial revenues. They also highlighted that Nvidia's forthcoming earnings report is regarded as another potential catalyst for the tech sector. Nvidia is expected to announce its fiscal year 27 Q1 results after the US market closes next Wednesday (the 20th, UTC+8).Demand and supply imbalances for Nvidia's Blackwell and Rubin AI chips remain "very favorable," and enterprise AI projects related to the cloud platforms of Microsoft, Alphabet's Google, and Amazon will continue to accelerate. The report emphasizes, "We remain strongly convinced that the commercialization phase of artificial intelligence has just begun, which is undoubtedly good news for hyperscale cloud service providers building the next stage of AI architecture."