Nvidia’s Q3 Earnings Preview: AI Demand Fuels Stock Surge Amid China Concerns
Nvidia's stock has climbed 40% year-to-date as the chipmaker prepares to report Q3 earnings on November 19. The rally reflects insatiable demand for its AI processors, particularly the new Blackwell GPUs powering hyperscale data centers. Analysts project $54.79 billion in revenue—a 57% annual jump—with earnings per share expected to rise 54% to $1.25.
Export restrictions continue to hamper Nvidia's China business, where demand for downgraded chips falls short of expectations. Yet Wall Street remains bullish, with average price targets implying 28% upside. The earnings call will scrutinize order backlogs and any revisions to growth projections amid geopolitical constraints.