Nvidia Stock: Analysts Stay Bullish Ahead of Pivotal Q3 Report
Nvidia’s upcoming fiscal Q3 2026 report, scheduled for November 19, is shaping up as a defining moment for the world’s most valuable semiconductor company.
Key Takeaways
- Nvidia’s Q3 2026 report is set for November 19, with analysts projecting 56% YoY revenue growth.
- 53 of 66 analysts rate NVDA a “strong buy,” with a $233.76 average price target.
- SoftBank exited its $5.8B Nvidia stake to focus on OpenAI and other AI ventures.
- Experts warn of supply and energy vulnerabilities tied to Nvidia’s Taiwan dependence.
Shares rose 5.79% to $199.05 ahead of the results, extending a recent rebound driven by renewed optimism in the AI sector. Analysts continue to issue overwhelmingly positive ratings even as structural concerns about global chip supply persist.
Market Expectations Ahead of Earnings
Wall Street anticipates another strong quarter from Nvidia. The company guided for approximately $54 billion in revenue, aligning with the consensus estimate of $54.8 billion. If achieved, this would represent 56% year-over-year growth.
Analysts tracked by S&P Global expect adjusted earnings per share of around $1.25, reflecting a 54% annual increase. Nvidia’s CFO Colette Kress has pointed to accelerating production of GB300 chips combining Nvidia GPUs with Arm CPUs, as well as growing demand for AI inference and reasoning applications.
Technical indicators show the stock hovering near a key resistance level after recovering from its October pullback. RSI currently sits near 59, suggesting moderate momentum, while MACD lines have begun converging — a sign of potential consolidation before earnings.
Analysts Maintain “Strong Buy” Consensus
According to TradingView data, 66 analysts have issued ratings in the past three months, with 53 marking Nvidia as a “strong buy.” The average 12-month price target stands at $233.76, implying roughly 17% upside, while the highest forecast reaches $389.73. The bullish outlook contrasts with concerns that Nvidia’s rapid growth may already be priced in, given its elevated valuation multiple near 60x earnings.
SoftBank Exits Nvidia to Reinforce AI Bets
SoftBank recently sold its remaining 32 million Nvidia shares for $5.8 billion, reallocating the funds to expand its AI portfolio, particularly its partnership with OpenAI. The move underscores how investors are shifting capital toward broader generative AI ecosystems rather than single-chip exposure. SoftBank executives described the sale as a strategic rebalancing to maintain liquidity and flexibility for future acquisitions in AI infrastructure.
Fragility Beneath Nvidia’s Global Dominance
Financial analyst Shanaka Perera noted that Nvidia’s market value — around $4.8 trillion — now exceeds the combined stock markets of several major economies. Yet he emphasized that the company’s dependence on a single manufacturing hub in Taiwan represents a significant vulnerability.
NVIDIA IS BIGGER THAN MOST COUNTRIES
AND IT ONLY MAKES ONE THING.
$4.8 trillion. One company. One product line. Larger than the entire stock markets of the United Kingdom, France, Germany, and Canada combined.
Nvidia doesn’t make cars. Doesn’t drill oil. Doesn’t feed… pic.twitter.com/MG7621izsn
— Shanaka Anslem Perera ⚡ (@shanaka86) November 11, 2025
TSMC produces roughly 90% of Nvidia’s most advanced chips, and any disruption in Taiwan could have wide-reaching consequences. Perera warned that a major geopolitical event could inflict up to $10 trillion in global economic damage within four years, while U.S. export restrictions have already cut around 15% of Nvidia’s potential revenue.
Perera also pointed to growing concerns about power demand from AI infrastructure, with forecasts suggesting an eightfold increase in energy use by 2027 — a challenge given the aging U.S. grid. “One geopolitical shock, one energy crisis, or one regulatory action could expose how fragile this concentration has become,” he said.
Outlook
Despite the risks, Nvidia remains the central pillar of the AI economy, supplying critical chips to Microsoft, Google, Amazon, and Meta. Investors will be watching whether the upcoming Q3 report confirms sustained demand across AI data centers — or signals the beginning of a slowdown after two years of exponential growth.
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