Nvidia Corporation (NVDA, Financial) is about to report its Q3 earnings two days later on Nov 20. Analysts expect NVDA to post exceptional Q3 results driven by demand for AI products. Zack’s estimate also reveals that total revenue is expected to increase by 81% YoY to $32.8bn and earnings per share by 85% YoY to $0.74.
Nvidia continues to be the market leader in AI hardware and further scales up on the H100 and the H200 that are already available; the Blackwell project has yet to be launched. These new generation GPUs outdo the conventional CPUs in terms of response and superiority, thus placing Nvidia in an advantageous position to provide exclusive data centers.
Despite supply chain constraints, Nvidia’s AI-driven momentum has catapulted its market capitalization to $3.48 trillion, outperforming Apple (AAPL, Financial), worth about 3.40 trillion today. Nvidia’s stock has soared 186.7% year-to-date, overshadowing the Magnificent 7 group, where Apple trails with a 16.9% gain and Microsoft (MSFT, Financial) is up just 10.4%.
Sovereign AI projects and data center expansions will help Nvidia, and the company’s market share is expected to be 66% in 2026. However, the major concern regarding Federal Review Chair Jerome Powell is that his stance on interest rates may affect broad market values, hence affecting the technology sector values.
The release of Nvidia’s quarterly earnings report will help predict the future of AI while reasserting its centrality to technology. Burgeoning investors are keen on the firm’s potential to maintain rapid growth and adapt to macroeconomic factors.
This article first appeared on GuruFocus.
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