Prediction: Nvidia Stock Is Going to Soar After Nov. 19

Nvidia, the leading AI chip supplier, is anticipated to report robust fiscal Q3 2026 results on November 19, with guidance projecting $54 billion in revenue, a 54% year-over-year increase, driven by explosive demand for its advanced Blackwell Ultra GB300 GPUs and upcoming Rubin architecture essential for AI reasoning models. Wall Street expects $1.24 EPS and a Q4 revenue forecast of $61.1 billion, with the data center segment accounting for nearly 90% of sales. Despite trading near record highs, Nvidia's current P/E of 51.9 is a 15% discount to its 10-year average, suggesting potential upside if earnings meet or exceed expectations, particularly given CEO Jensen Huang's projection of $4 trillion in data center spending by 2030.

Analysis

Nvidia, the dominant supplier of AI chips, is poised to release its fiscal Q3 2026 operating results on November 19, with expectations for a strong performance. The company achieved a $4 trillion valuation earlier this year, driven by explosive demand for its data center chips, which are foundational for AI development. CEO Jensen Huang's commentary during the conference call will be crucial for investor insights.

The demand for computing capacity is surging due to advanced AI reasoning models, which consume significantly more tokens than previous generations. Nvidia's latest Blackwell Ultra GB300 GPUs offer up to 50 times the performance of older H100 chips, with the upcoming Rubin architecture rumored to be 3.3 times more powerful than Blackwell Ultra, positioning the company to capture a dominant share of the projected $4 trillion data center spending by 2030.

Nvidia's Q3 revenue guidance stands at $54 billion, representing a 54% year-over-year increase, with the data center segment expected to contribute nearly 90% of this revenue. Wall Street consensus estimates project earnings of $1.24 per share, a 53% year-over-year growth. The company's current trailing P/E of 51.9, while high, represents a 15% discount to its 10-year average of 60.9, suggesting potential value.

Investors should closely monitor Nvidia's forward guidance for Q4, with Wall Street anticipating a revenue forecast of $61.1 billion; exceeding this could serve as a significant bullish catalyst. Based on fiscal 2026 and 2027 earnings estimates, Nvidia trades at forward P/E ratios of 40.5 and 28.6, respectively, implying substantial upside if the company continues to meet or exceed expectations.

Key Decisions for Investors

• Investors should closely monitor Nvidia's Q3 2026 earnings report on November 19, paying particular attention to the Q4 forward guidance for revenue and any updates on the Rubin GPU architecture.
• Evaluate the company's ability to sustain its technological leadership and capture the projected $4 trillion data center market, which is critical for long-term growth and valuation justification.
• Consider the current valuation relative to its historical average and future earnings estimates, noting the potential for significant upside if financial performance continues to exceed analyst expectations.