Nvidia earnings live updates: Wall Street watching chip demand and guidance around DeepSeek

DeepSeek won’t lower sales for Nvidia, Bank of America says

Analysts at Bank of America expect Nvidia to beat earnings estimates and said they see the company’s calendar year 2025 data center revenue surging 60% year-over-year.

“Despite DeepSeek’s supposed “revolutionary” optimizations, there is no change thus far to spending intentions at NVDA large customers including Microsoft and Meta,” Vivek Arya, analyst at Bank of America said in a note earlier this month.

Arya said that optimizations in hardware and software are “key parts of computing,” so he doesn’t expect DeepSeek efficiencies to lead to a reduction in sales for the company.

Looking past earnings, Arya said Nvidia’s GTC conference in March is the next big catalyst. That’s where the investor focus for Nvidia could shift away from Blackwell and toward its next-generation products, including the Rubin GPU and solutions for autonomous robots.

Bank of America rates Nvidia at a “Buy” with a $190 price target.