Nvidia (NASDAQ:NVDA) has a habit of outpacing expectations with its quarterly earnings reports, and there are few signs the company plans on breaking this streak when it releases its Q3 2025 earnings on November 19.
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Indeed, the news around AI continues to burst with excitement, as billions of dollars in deal-making are flowing throughout the ecosystem. Many of these new projects revolve around Nvidia’s hardware, providing plenty of fodder for NVDA bulls.
Still, after gaining 85% over the past half year, it’s fair to ask how much of this growth is already factored into NVDA’s share price. In other words, is it too late to jump on board?
Not according to top investor Adam Spatacco, who is ready to make a prediction: explosive growth is waiting up ahead for Nvidia.
“With GPU demand surging, AI infrastructure buildouts accelerating across the globe, and valuation multiples still leaving room for expansion, Nvidia’s upcoming report could reignite investor enthusiasm and send the stock powering higher into 2026,” exclaims Spatacco, who is among the top 2% of stock pros covered by TipRanks.
Spatacco is laser-focused on Nvidia’s Blackwell and Blackwell Ultra architectures, and expects the earnings report to provide valuable insights regarding these sales figures. Until now, orders for these systems have been “exceptionally strong,” as the hyperscalers (Spatacco namechecks Microsoft, Amazon, Alphabet, and Meta) are busy integrating Nvidia’s GPUs into their AI infrastructure.
Sweetening the pot, overall demand for AI hardware doesn’t appear to be slowing down. Spatacco cites a McKinsey & Company report that estimates AI data center spending could reach $7 trillion by the end of the decade. “Global AI infrastructure buildouts are in full swing, and Nvidia sits firmly at the center of this movement,” adds the investor.
NVDA is currently trading at a Forward Price-to-Earnings multiple around 40x, which Spatacco describes as “surprisingly reasonable” given its pricing power, software moat, and cutting-edge chips.
Spatacco is therefore expecting another beat and raise come November 19, which could spark (yet) another rerating for NVDA.
“With accelerating GPU shipments, expanding enterprise partnerships, and unrivaled leadership across AI and compute workloads, Nvidia appears well positioned to extend its rally into 2026 and beyond,” sums up Spatacco. (To watch Adam Spatacco’s track record, click here)
That’s the spirit on Wall Street as well, where 35 Buys – and one Hold and one Sell apiece – combine to give NVDA a Strong Buy consensus rating. (See NVDA stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.