What to expect with Nvidia earnings on tap

The grand finale of earnings season is here, with a lot riding on Nvidia’s (NASDAQ:NVDA) Q3 results after the bell. Expect impressive numbers due to explosive AI and data center demand, though the level of growth and guidance should be of more importance to the Nvidia (NVDA) story. Margins are also on watch as the company ramps up its Blackwell GPUs, as well as whether overheating issues related to the coveted processors are real or fake news. Note that options trading should lead to big price swings no matter what is said or reported, so zooming out to see the overall picture may be necessary instead of hurrah post-earnings.

Up, up and away: Nvidia (NVDA) really took off following the release of ChatGPT in late 2022, which brought on the “Generative AI” revolution. The market darling tripled in 2023, and while there were some initial worries whether there could be an AI bubble, Seeking Alpha subscribers were correct in their assessment as things kept rolling. Nvidia (NVDA) tripled in price again in 2024, showing the staying power of the AI rally.

Putting it in perspective, an investor who bought $10,000 worth of Nvidia (NVDA) in January 2022 would be sitting on over $100,000 worth of shares today. For all the recent rage enveloping the crypto world, a comparable investment in Bitcoin (BTC-USD) at the start of 2022 would only be worth $20,000 today. While one can play around with positions and time frames, the movement conveys how strong of a force Nvidia (NVDA) has been for the markets and its status as one of the heaviest lifters of the S&P 500.

Commentary: SA analysts have weighed in ahead of the earnings, including an article from Millennial Dividends on how large Nvidia can grow realistically and some technical analysis from Michael James McDonald. There have additionally been some bullish notes from the Street, including “smooth Blackwell progress” at Wells Fargo and a price target boost at Truist and Stifel. Don’t forget to also explore the latest Nvidia (NVDA) ratings, estimates, financials, transcripts, filings, charts, and virtual analyst reports (new feature) on Seeking Alpha.