Nvidia’s (NVDA) “new revenue sources” are causing the Street’s worries about NVDA stock to ease significantly, Matt Bryson, the Managing Director of Wedbush Securities, told Yahoo Finance recently.
Meanwhile, as far as NVDA’s first-quarter results are concerned, Bryson expects the company’s positive catalysts to “offset” the difficulties that it started facing in China towards the end of Q1.
Bryson covers the Enterprise Hardware sector for Wedbush.
The Street’s Perceptions of NVDA and Its Q1 Results
Nvidia Corporation (NVDA) has improved the performance of its new Blackwell chips, while the tech giant has made major deals with a number of governments, Bryson noted.
In light of these developments, the Street’s fears about NVDA have become less intense, he stated.
“There are (fewer) concerns about Nvidia than there was two or three weeks ago because (it has) all of these other new revenue sources popping up,” he said.
Meanwhile, NVDA’s strong revenue from China in the first two months of the year, along with the increased output of its Blackwell chips as Q1 progressed, should offset the weakness in China that the firm experienced in March, according to Bryson.
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This article is originally published at Insider Monkey.
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