Should You Buy Nvidia Stock Before Nov. 19?

Nvidia has cemented its market dominance, briefly surpassing a $5 trillion market capitalization and reporting strong Q2 FY26 results with $46.7 billion in revenue, largely driven by its 92% share in the data center GPU market. The company holds $500 billion in bookings for its next-generation Blackwell and Rubin chips and is expanding through strategic partnerships, including a $100 billion deal with OpenAI, stakes in Nokia and Intel, and a significant supercomputing contract with the U.S. Department of Energy. Despite export restrictions impacting its China revenue, which previously constituted 17%, the company's outlook remains exceptionally strong ahead of its upcoming earnings report, with expectations for continued revenue expansion.

Analysis

Nvidia has solidified its market leadership, briefly achieving a $5 trillion market capitalization and currently standing at $4.8 trillion, with expectations for further growth to $6 trillion. The company reported robust Q2 FY26 results, with revenue up 56% year-over-year to $46.7 billion, driven by a dominant 92% share in the data center GPU market. Income surged 59% to $26.42 billion, yielding an EPS of $1.08, indicating strong profitability ahead of its Nov. 19 earnings report.

Future growth is supported by significant strategic initiatives, including $500 billion in bookings for its next-generation Blackwell and Rubin chips, with 30% already shipped. Nvidia is actively expanding its ecosystem through key partnerships, such as a $100 billion collaboration with OpenAI for data center buildout and a $5 billion stake in Intel for chip development. Additionally, a major contract with the U.S. Department of Energy involves building supercomputers utilizing 100,000 Blackwell chips.

While export restrictions in China, which previously accounted for 17% of FY25 revenue, present a challenge, the article suggests this issue is overstated and not a dealbreaker for Nvidia's stock. Despite CEO pessimism regarding current access, potential for a trimmed-down Blackwell chip for the Chinese market exists. The overall outlook remains exceptionally strong, with expectations for an "incredible quarter" and "off the charts" guidance.

Key Decisions for Investors

• Investors should closely monitor Nvidia's upcoming earnings report on Nov. 19 for confirmation of the anticipated "incredible quarter" and "off the charts" outlook, as any deviation could impact short-term sentiment.
• Evaluate the long-term implications of Nvidia's $500 billion in chip bookings and strategic partnerships with entities like OpenAI and the U.S. Department of Energy, which underpin sustained demand and market expansion.
• Assess the evolving geopolitical landscape concerning China, specifically the potential for a tailored chip solution, despite the article's assertion that the China problem is overstated and not a dealbreaker for Nvidia's overall growth trajectory.