Nvidia Q3 earnings: All eyes will be on AI demand, growth

All eyes are on Nvidia (NVDA) as the semiconductor giant is set to release its third quarter results on Wednesday, November 20. The Sevens Report founder and president Tom Essaye joins Morning Brief to discuss what investors are looking for in the report. "With Nvidia, we can all expect them to produce mind-blowing earnings, but really what the market is focused on is that growth rate," Essaye says. Essaye explains that although Nvidia continues to deliver earnings beats quarter after quarter, the margin in which they are delivering the beats is shrinking. He believes if this trend continues, the market will be "disappointed," adding, "It's all about the guidance." "It's a growth story here; we all know it. It's the future; it's the next big thing. They have to keep us excited about it," Essaye states. He notes that with AI demand growing, investors are looking to Nvidia's results for proof that it is expanding across industries. "For AI to be the story that we all... believe and hope it will be, it's got to spread through the economy, to where we have companies using it that you wouldn't think are traditional tech-heavy users," he tells Yahoo Finance. As far as the market impact of these results, Essaye says "investors want something to get excited about." Markets were recently fueled by President-elect Donald Trump's win, but that rally is starting to fade. "A good Nvidia print with strong demand and strong guidance would really give a nice positive boost and, I think, would reinvigorate a rally."

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[starvingbymidnight]

Funny they don't critic Apple as much as they do with NVIDIA. Apple has had no new innovation over the last 10 years.

[gatoratcomcast]

AI, what’s in it for me? Most of us are just learning to use AI. Not disappointed! For me it’s Google and Photoshop in one.

[Joe-nee]

Meeting expectations and beating the ER numbers isn't enough for a company to have a good gap up. Without " guidance " that sounds good, the SP will tank so have cash on hand for a good buying opportunity.

[kimbobkh]

MSTR pumping hard is a trillion dollar. The next big thing 💎🎉

[ddeboy]

I'm expecting a jump of 50-75/shr after report.

[AlexandraGray-t]

With Trump's re-election, both US stocks and Bitcoin are seeing strong gains. I'm eyeing the potential for more market volatility, but Bitcoin's all-time high is interesting. With inflation and interest rates on the rise, I'm wondering if this is a good time to dive deeper into stocks or focus on crypto for diversification. Any thoughts on balancing both?

[ddeboy]

nvda beat the street this quarter by 2.17/shr. AI chips sold out through 2025 now and taking orders for 2026.

[AbdulSalam-ztkz]

These are the experts who invested in NVDA and the ones who did not and hope AI is a bubble 😅

[WhirledPeez]

This name doesn’t have to do diddly squat for the analysts. It’s not about you.

[harryvanderveen]

I rather invest in the AI software company Innodata INOD than Nvidia, with an valuation of just over 1 BUSD, this company has a valuation multiplier of 8 x their revenue while most AI companies have 16-32 X. Has 5 of the Magnificent companies as their customers and is in my opinion still heavily undervalued even though it went up 20% in 2 days today and yesterday.