Nvidia (NVDA) reports after the bell today, and the entire market is treating the release as the deciding moment for the AI trade. The chip maker enters the print with rising expectations, early stock gains, and a backdrop of growing nerves after a week of selling across tech.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Markets Position for Nvidia’s Q3 Results
Nvidia will post fiscal third-quarter results after the close. Wall Street expects $54.9 billion in revenue, up 57% from last year, along with adjusted EPS of $1.26. The company is also projected to guide for $62.17 billion in Q4 revenue and EPS of $1.44.
The stock was up in early trading, lifting off a five-session slide that had pulled Nvidia into the broader AI slowdown. The S&P 500 (SPX) spent four days in the red before stabilizing today, and traders are treating Nvidia’s report as the catalyst that could either steady sentiment or deepen the correction.
Traders Brace for an 8% Move in NVDA Stock
Options pricing suggests the market is bracing for a sharp reaction. According to Cboe Global Markets (CBOE) data, traders are positioned for a move of roughly 8% in either direction after earnings and into Friday.
Strategists warn that the tone of the outlook may matter as much as the headline numbers. Analyst Neil Wilson at Saxo Markets said investors are looking for signs of strength, writing that “Nvidia earnings are on tap later and we could see a bit of slack water until then. If they can beat and raise and maybe see improved margins that could calm some nerves.”
Investors Debate Whether the AI Run Can Continue
Nvidia’s stock has been mostly flat over the past three months as investors debate whether the AI spending wave can maintain its pace. Analysts say the company’s results could help reset expectations, especially as the market tries to understand how durable hyperscaler demand remains heading into 2026.
The mixed mood has kept investors cautious. Even with AI infrastructure spending at record levels, Nvidia’s leadership has been challenged by rising skepticism about how long the buildout can continue at its current speed.
It’s a Defining Moment for AI Trade
The company’s conference call begins at 5 p.m. Eastern. Investors will focus on cloud orders, supply conditions, and any signals about Blackwell demand heading into next year.
This earnings report has grown into more than a quarterly update. It has become a benchmark for the entire AI boom. Whether the sector regains its footing will now hinge on what Nvidia delivers after the bell.
Is Nvidia Stock a Buy, Hold, or Sell?
Wall Street remains broadly optimistic on Nvidia. Based on 39 analyst ratings over the past three months, Nvidia holds a Strong Buy consensus, with 37 Buy ratings, one Hold, and one Sell.
Analysts see more upside ahead. The average 12-month NVDA price target is $243.09, which implies a 29.60 percent gain from the most recent share price of $187.57.
