Nvidia Stock Rally Faces Test With Q3 Earnings Amid AI Chip Demand
Nvidia's 48% year-to-date surge hinges on its upcoming earnings report, with Wall Street anticipating $1.25 EPS and $54.6 billion in revenue. The AI chip leader faces scrutiny over cloud customer orders and rising competition from AMD and in-house tech firm solutions.
BofA Securities maintains a bullish $275 price target, but supply chain dynamics and margin pressures could challenge the stock's meteoric rise. The Blackwell GPU rollout and data center demand remain critical catalysts.