Nvidia (NVDA) Stock: Wall Street Forecasts 56% Revenue Surge Ahead of Wednesday’s Q3 Report

TLDR

• Nvidia reports Q3 earnings on November 19, with Wall Street expecting revenue of $54.83 billion, up 56.3% year-over-year
• Bank of America maintains Buy rating with $275 price target, calling valuation “compelling” at 27x 2026 estimates
• Some major investors like Michael Burry and Peter Thiel have exited Nvidia positions, raising concerns about an AI bubble
• Nvidia announced $500 billion in Blackwell and Rubin chip orders for 2025-2026, exceeding expectations by 10-15%
• 37 of 39 Wall Street analysts rate Nvidia a Buy, with average price target suggesting 27.3% upside

Nvidia stands at a crossroads this week. The chip maker reports Q3 earnings on Wednesday, November 19. The results could either reignite enthusiasm for artificial intelligence stocks or confirm fears that the sector is overheated.

NVIDIA Corporation, NVDA

Wall Street expects Nvidia to post revenue of $54.83 billion for the quarter. That represents a 56.3% jump from the same period last year. Earnings per share are projected to reach $1.25, up 54.3% year-over-year.

The company has delivered strong growth for several quarters running. Q2 2026 revenue climbed 56% year-over-year while earnings grew 61%. But expectations have climbed along with the stock price.

Bank of America analyst Vivek Arya sees value in the current price. He maintains a Buy rating with a $275 price target. Arya calls the valuation “compelling” at 27 times his 2026 earnings estimate and 21 times his 2027 forecast.

His price target now uses a 30x multiple on 2027 earnings instead of 44x on 2026 numbers. The shift reflects a longer-term view of the company’s prospects.

Not everyone shares that confidence. Legendary investor Michael Burry reportedly shorted $1.2 billion worth of Nvidia and Palantir Technologies stock in the last quarter. Peter Thiel’s fund dumped its entire Nvidia position between July and September.

Thiel Macro LLC sold all 537,742 shares it owned. The position had made up roughly 40% of the fund’s portfolio. The exits signal growing nervousness about AI valuations.

Chip Orders Paint Positive Picture

Nvidia shared positive news at its recent GTC event. The company secured $500 billion in orders for its Blackwell and Rubin chips covering 2025 and 2026. Those orders came in 10% to 15% above analyst expectations.

Bank of America’s Arya sees the recent stock pullback after that news as a “contrarian positive” heading into earnings. He expects management to address concerns about demand and supply conditions.

The analyst points to Nvidia’s position as the only merchant chip supplier with proven full-stack execution in large AI clusters. The company will roll out three generations of products by the second half of 2026, starting with Blackwell GB200, then Blackwell Ultra GB300, and finally Vera Rubin.

Competition is heating up though. OpenAI recently added Broadcom and Advanced Micro Devices to its supplier list. Google’s Tensor Processing Units continue gaining market share in certain applications.

Market Watches for Infrastructure Spending Signals

Investors will scrutinize several key metrics in the report. Revenue performance matters, but guidance for the next quarter carries more weight. Any signs of slowing momentum in data center and AI server business could shake confidence.

Margin trends will get close attention too. Building AI infrastructure costs serious money. If margins compress, it raises questions about long-term profitability across the sector.

Analysts want to know if demand is broadening beyond the biggest cloud providers. Concentration with just a few customers creates risk. Signs of adoption by a wider range of companies would support the growth story.

Management commentary on supply constraints and infrastructure bottlenecks matters too. Some worry that spending on AI is racing ahead of actual revenue generation.

The concerns aren’t baseless. Many companies are pouring billions into AI infrastructure while struggling to show clear paths to returns. Some executives acknowledge the risk but remain optimistic about eventual payoffs.

Of the 39 analysts covering Nvidia, 37 rate it a Buy. Just one calls it a Hold and one rates it a Sell. The average price target sits at $242, suggesting 27.3% upside from current levels.

The stock has climbed 42% year-to-date. It trades at elevated multiples that assume continued strong execution. When a company is expected to be perfect, anything less can disappoint investors sharply.

Evercore analyst Mark Lipacis expects Nvidia to beat expectations and raise guidance. Many on Wall Street share that view. But the stakes are high enough that Wednesday’s report will likely move more than just Nvidia shares.

The post Nvidia (NVDA) Stock: Wall Street Forecasts 56% Revenue Surge Ahead of Wednesday’s Q3 Report appeared first on CoinCentral.