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Nvidia Q3 Preview: Nov. 19 Report Poised to Set the Tone for AI Stocks

Hyperscaler spending funnels outsized AI server value to Nvidia, according to recent analyst notes.

Overview

  • Nvidia will report fiscal third‑quarter results after the close on Nov. 19, with Visible Alpha consensus at about $1.26 adjusted EPS on roughly $55.3 billion in revenue.
  • Data‑center sales remain the focus, with estimates near $49.5 billion and growth projected around 61% year over year.
  • Jefferies and Wedbush expect a beat‑and‑raise, while Oppenheimer and Susquehanna lifted targets; Citi models about $56.8 billion for Q3 and a Q4 outlook near $62.6 billion.
  • UBS reaffirmed a Buy rating and projected Q4 guidance of $63–$64 billion, even as some investors question sustainability at current valuations.
  • Coverage flags tight supply and infrastructure constraints, including reports that CEO Jensen Huang has pressed TSMC for more capacity and rising concern over data‑center power limits.