Nvidia Q3 Earnings Preview: AI Demand Drives Bullish Expectations
Nvidia's impending Q3 earnings report has become a litmus test for AI infrastructure demand. The chipmaker's stock has surged 35% year-to-date as hyperscalers and enterprises scramble for its Blackwell GPUs. Wall Street anticipates $1.25 EPS—a 53% YoY leap—with revenues projected to hit $54.85 billion.
KeyBanc's John Vinh maintains his $250 price target, citing improved GB300 rack system production and Blackwell B300 adoption. Wedbush's Matt Bryson echoes this optimism, though his $210 target reflects more conservative growth assumptions. Nine consecutive earnings beats suggest Nvidia's pricing power remains intact despite rising competition.