NVIDIA Company (NVDA, Financial) is set to report its third-quarter results two days later, on November 20. Analysts expect NVDA to report stellar third-quarter results, driven by demand for AI products. The Zacks Estimate also reveals that total revenue is expected to increase 81% year-over-year to $32.8 billion and earnings per share to increase 85% year-over-year to $0.74.
Nvidia continues to be the market leader in AI hardware and is further developing the already available H100 and H200 models; the Blackwell project has not yet been launched. These next-generation GPUs outperform conventional CPUs in terms of response and superiority, putting Nvidia in an advantageous position to offer exclusive data centers.
Despite supply chain constraints, Nvidia’s AI-driven momentum propelled its market cap to $3.48 trillion, outperforming Apple (AAPL, Financial), worth around 3.4 trillion today. Nvidia stock has soared 186.7% since the start of the year, eclipsing the Magnificent 7 group, where Apple lags behind with a 16.9% gain and Microsoft (MSFT, Financial) is up just 10.4%.
Sovereign AI projects and data center expansion will help Nvidia, and the company’s market share is expected to reach 66% in 2026. However, Federal Review Chairman Jerome Powell’s main concern is that its stance on interest rates could affect overall market values. affecting the values of the technology sector.
The release of Nvidia’s quarterly earnings report will help predict the future of AI while reaffirming its centrality in the technology. Growing investors are interested in the company’s potential to sustain rapid growth and adapt to macroeconomic factors.
This article first appeared on GuruFocus.