"In the last four quarters, however, the chipmaker has averaged a beat of only 6.5%, likely due to analysts getting better at predicting its results. Investors are now laser-focused on Nvidia's upcoming third-quarter results, set for release after market close on Nov. 19. Expectations run high, with Wall Street forecasting $54.83 billion in revenue and $1.25 in adjusted earnings per share - up 56% and 54% year-over-year, respectively."
"Nvidia's success in the recent quarter likely stems from its commanding position in the AI ecosystem. As the primary supplier of GPUs for training large language models, the company has capitalized on demand from hyperscalers like Microsoft ( NASDAQ:MSFT ) and Meta Platforms ( NASDAQ:META ). In the prior quarter, data center revenue hit record levels, driven by Blackwell chip ramp-ups and partnerships with AI innovators."
Nvidia leads the AI chip market, transforming from a graphics specialist into a tech powerhouse with substantial stock gains. The company beat Wall Street earnings estimates 90% of the past five years, though recent quarterly beats averaged 6.5% as analyst estimates tightened. Market attention centers on Q3 results due Nov. 19, with consensus revenue of $54.83 billion and $1.25 adjusted EPS, implying double-digit year-over-year growth. Whisper numbers raise the bar further, creating downside risk if Nvidia misses. Strong demand for GPUs from hyperscalers, record data-center revenue, Blackwell ramp-ups, and software integrations support revenue and margin gains.
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