Overview
- Nvidia will report quarterly results after the market close on Wednesday, Nov. 19, in what investors view as a key read on the durability of AI spending.
- Refinitiv estimates roughly £22.4 billion in profit for the three months to October, up from £14.6 billion a year earlier, with sales also expected to surge.
- CEO Jensen Huang has described an order backlog of about $500 billion for Blackwell and Rubin GPUs, a figure discussed publicly but not issued as formal financial guidance.
- Options markets imply a roughly 6% move in either direction after the release, pointing to the largest expected post‑earnings swing in over a year.
- Recent volatility reflects shifting positioning and macro uncertainty, including SoftBank’s sale of its Nvidia stake, reports of Michael Burry shorting the shares, and the resumption of delayed U.S. economic data alongside FOMC minutes.