Nvidia's financial report will be announced tonight, Wall Street is focusing on the demand for Blackwell chips and the impact of DeepSeek

Nvidia is set to announce its fourth-quarter earnings after the close of U.S. stock market on Wednesday. As the world's second-largest company, Nvidia needs to prove to investors that demand for its next-generation Blackwell chips remains strong and will not be impacted by the DeepSeek AI model.

Analysts on average expect Nvidia's revenue this quarter to grow 73%, reaching $38.2 billion, compared with about $20 billion in the same period last year. Here is Wall Street's interpretation of Nvidia's upcoming earnings report: Mizuho Securities analysts expect Nvidia to release an "as expected" financial report, but there may be "growing pains", and data center revenue in April quarter may stabilize. Wedbush Securities believes that Nvidia will once again perform strongly and "clearly exceed expectations and raise forecasts". Their survey shows that deployment by individual AI companies has not slowed down due to DeepSeek.

Bank of America expects Nvidia's data center revenue in 2025 will increase by 60% year-on-year, pointing out that March’s GTC conference is the next important catalyst. Bloomberg Intelligence suggests that Nvidia is likely to meet fourth-quarter revenue expectations and raise first-quarter forecasts against a backdrop of significant growth in Blackwell GPU.