Nvidia (NVDA) Q3 Earnings Preview: Why Wall Street Is Betting Big on Another AI Powerhouse Surge

Nvidia’s earnings call is shaping up to be another make-or-break moment for tech bulls. Analysts expect blockbuster Q3 results—but can the chip giant clear Wall Street’s sky-high expectations yet again?

The AI Gold Rush Isn’t Slowing Down

NVDA’s data center revenue has become the market’s favorite crystal ball. If history repeats, another beat could send crypto miners scrambling for GPUs—just like the last cycle.

Watch the Guidance, Not the Headlines

Forward-looking statements matter more than retroactive wins. Any hint of softening demand will have traders hitting sell faster than a quant algorithm spotting arbitrage.

The Bottom Line

Another blowout quarter? NVDA cements its AI throne. A miss? Cue the ‘overvalued tech’ hot takes from analysts who’ve been bullish since $200. Either way—volatility incoming.

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Cantor Fitzgerald Calls Nvidia Stock a “Top Pick”

Cantor Fitzgerald analyst C.J. Muse reaffirmed a Buy rating and $300 price target on Nvidia, calling the earnings release “THE event of earnings season.”

Muse noted that investors should still expect a solid beat-and-raise scenario and positive commentary on the demand backdrop. Also, he believes that investors focus on long-term growth visibility into 2027. Further, he projects over 40% upside to consensus EPS for 2026.

He analyst said, “NVDA remains our hands-down TOP PICK and we reiterate our Overweight rating and $300 price target (equating to 24x our CY27 upside EPS).”

DA Davidson Says Demand “Overwhelming” Despite Competition

DA Davidson analyst Gil Luria also reiterated a Buy rating with a $250 price target, ahead of its Q3 earnings report. He expects the results to showcase continued strong demand for AI computing, which he believes will persist well into the future.

Luria noted that even if competitors gain some market share, the market is expanding so rapidly that competition poses little threat to Nvidia’s growth trajectory.

He said, “Nvidia remains incredibly well positioned to benefit in this compute environment despite rapidly growing competition.” Luria reiterates a Buy rating and $250 price target on NVDA stock.

Is Nvidia a Buy, Hold, or Sell Now?

On TipRanks, NVDA stock has received a Strong Buy consensus rating, with 37 Buys, one Hold, and one Sell assigned in the last three months. The average Nvidia stock price target is $242, suggesting an upside potential of 29.94% from the current level.