Nvidia Shocks Wall Street: Record-Breaking Earnings and New AI Chip Fuel Massive Stock Surge

Nvidia (NASDAQ: NVDA) heads into its fiscal third-quarter FY26 results on 19 November with Wall Street bracing for another blowout report driven by relentless demand for the company’s AI-centric GPUs. Management’s guidance already points to a record $54 billion in revenue—more than triple the year-ago period—underscoring how integral Nvidia’s H100 and next-gen Blackwell processors have become inside hyperscale data centers and enterprise AI clusters. Why it matters • Nvidia’s share price has surged roughly 1,000 % since ChatGPT ignited an AI hardware boom in late 2022; the stock is up another 40 % year-to-date despite broader Nasdaq volatility. • A blockbuster quarter could catapult the company’s market cap past $3 trillion, narrowing the gap with Apple and Microsoft at the top of the S&P 500. • Traders are also watching gross-margin trends as supply constraints ease and higher-margin software subscriptions such as Nvidia AI Enterprise gain traction. What analysts expect Consensus forecasts compiled by FactSet call for: • Revenue: $54.0 billion (up 263 % YoY) • EPS: $5.62 (up 338 % YoY) • Data-center sales: $47 billion, or nearly 87 % of total revenue Several brokerages have raised price targets above $1,000 per share, citing accelerated Blackwell adoption and early orders for Spectrum-X networking silicon. Catalysts to watch on the earnings call 1. Supply roadmap: CEO Jensen Huang is likely to outline 2026 capacity plans with foundry partners TSMC and Samsung, addressing concerns that limited CoWoS packaging could drag on shipment volumes. 2. China export restrictions: Investors need clarity on the revenue hit from new U.S. licensing rules and whether the cut-down H20 chip has cleared regulatory hurdles. 3. Software monetization: Updates on the CUDA subscription model and DGX Cloud recurring revenue could reinforce the thesis that Nvidia is evolving into an AI platform company. Technical picture NVDA finished Friday at $914.37, sandwiched between its 20-day moving average and September’s all-time high of $987.74. Options pricing implies a post-earnings move of ±9 %, making volatility plays attractive for traders willing to bet on a breakout or a “sell-the-news” dip. The bottom line With hyperscalers, sovereign AI projects, and enterprise adopters all vying for Nvidia silicon, the company is poised to extend its dominance—even amid rising competition from AMD’s MI-300 and custom ASIC alternatives. If Huang delivers another revenue beat and signals a smooth Blackwell ramp, NVDA could cement its position as 2025’s defining AI winner and set the tone for semiconductor stocks into year-end.