Expecting Nvidia to handily exceed earnings estimates, says Wedbush's Dan Ives

Nvidia Earnings & Market Impact - Nvidia's earnings are a major event for the tech industry and the overall market, acting as a significant growth catalyst [1][2][3] - Demand for Nvidia chips is exceeding supply, with a ratio of 12 to 1, highlighting the strong demand for AI technology [6][7] - The industry views Jensen and Nvidia as the "godfather of AI," establishing the foundation for current and future demand [2] Revenue & Growth Expectations - Nvidia projected $500 billion in revenue from Blackwell and Reuben, implying a 54% revenue growth rate for the next year [4] - Wall Street's initial revenue growth estimate for Nvidia was 41%, later revised upwards from 34%, but still lower than Nvidia's projection [5] - The industry anticipates that Nvidia needs to exceed the 41% revenue growth expectation to positively impact its stock [6] AI Market & Future Outlook - The AI revolution is still in its early stages, with significant growth potential over the next several years [7][8][9][10] - Concerns about competitors developing superior chips are considered unlikely to materialize in the next six quarters [9] - Despite some investors selling Nvidia stock, the industry believes there are many companies that will benefit from AI in the coming years [10]