00:00 Speaker a
John Vin has been a very consistent bull at NVIDIA and previewed the numbers this morning. Even if he is still bullish, he may not sound that positive in these revenues.
00:18 Speaker b
Yes, therefore, Vin emphasizes in this note that Nvidia may have no complete view or full scope of what will happen to their business in China. Therefore, Vin believes they may exclude China from guidance in the third quarter and therefore may miss the street estimates. This will be a big deal. Of course, we're talking about it now, so maybe you can say that when it comes to release it, it might be expected to some extent. But remember that when NVIDIA reports earnings for most of the two years, this is the first quarter of Beats Street estimates that they have improved guidance in the next quarter or the current quarter, and generally beat the street estimates for current quarter guidance as well. So what we're seeing from NVIDIA will be a shift, which has been a strong result, better than expected. But, as you pointed out, Vin argues that he raised NVIDIA's price target. He said that he looked at 2026 and 2027, so in the long run, he still felt good about the business and we were clearer. $250 $15 stock target. I looked at Nvidia's stock this morning and they changed hands around 175, so he still sees some upside over the next 12 months. But when you consider those revenues coming next week, maybe an interesting warning, as AI has already started selling a little bit. If Nvidia's results are not as good as normal, then it's interesting to see what this AI hiccup does that we've been paying attention to.