Key Stats for Nvidia Stock
- Pre-market Price Change for Nvidia stock: 5%
- $NVDA Share Price as of Nov. 19: $186.52
- 52-Week High: $212
- $NVDA Stock Price Target: $235
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What Happened?
Nvidia (NVDA) stock is up 5% in pre-market after the AI chip giant reported fiscal third-quarter results that crushed Wall Street expectations.
The company posted earnings of $1.30 per share on revenue of $57 billion, beating estimates of $1.26 per share on $55 billion in revenue.
More importantly, Nvidia issued guidance calling for $65 billion in fourth-quarter revenue, well above the $61.7 billion analysts expected.
Data center revenue hit $51.2 billion, up 66% year-over-year and ahead of the $49.1 billion consensus. The company said its GB300 chips are ramping up production and that cloud GPUs are completely sold out.
CEO Jensen Huang dismissed concerns about an AI bubble, telling analysts the company now has visibility into $500 billion in Blackwell and Rubin orders through the end of 2026.
CFO Colette Kress added that this number will grow as new deals, such as the 400,000 to 600,000 GPU partnership with Saudi Arabia and the Anthropic deployment, come online.
Net income surged 65% to $31.9 billion, underscoring Nvidia’s profitability amid its dominance in AI infrastructure.
The company’s Blackwell Ultra chips are now the best-selling product family, with the GB300 accounting for roughly two-thirds of Blackwell revenue during the quarter.
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What the Market Is Telling Us About Nvidia Stock
The 5% pop in Nvidia stock reflects confidence that demand for AI chips isn’t slowing down despite massive buildouts already underway.
Huang outlined three major platform shifts driving growth: the transition from CPU to GPU computing, the move from classical machine learning to generative AI, and the emergence of agentic AI systems that can reason and plan.
Major cloud providers, including Microsoft, Meta, Amazon, and Alphabet, collectively now expect to spend over $380 billion on capital expenditures this year, primarily for AI infrastructure. Nvidia captures a significant portion of that spending through its GPUs and networking equipment.
The company announced strategic partnerships with OpenAI and Anthropic during the quarter. Anthropic, which generates $7 billion in annualized revenue, will deploy up to 1 gigawatt of Nvidia compute capacity.
OpenAI’s user base has grown to 800 million weekly users with 1 million enterprise customers, driving enormous demand for inference computing.
Nvidia stock has climbed over 40% year-to-date as the company’s revenue has grown from primarily gaming and professional visualization into the world’s leading AI infrastructure provider.
One concern emerged around China sales, given Nvidia said it was disappointed that only $50 million in H20 chip sales materialized due to geopolitical issues and competition.
The company isn’t assuming any future China data center revenue, removing a potential overhang on Nvidia stock.
Gross margins came in at 73.6%, slightly ahead of guidance, with management targeting mid-70s margins for fiscal 2027 despite rising input costs. The company generated massive cash flow and returned $12.5 billion to shareholders through buybacks during the quarter.
Looking ahead, Nvidia’s next-generation Rubin platform is on track to ramp in the second half of 2026, delivering another step-function performance improvement over Blackwell.
Nvidia estimates AI infrastructure buildouts could reach $3 trillion to $4 trillion annually by decade’s end, positioning NVDA stock for continued long-term growth if the AI adoption thesis plays out as management expects.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
