Should You Buy Nvidia Hand Over Fist Before Nov. 19?

Core Viewpoint - Nvidia is expected to report strong Q3 results for fiscal 2026, with projected revenue around $54 billion, reflecting a year-over-year growth of 56% [1][2]. Financial Projections - Nvidia's guidance indicates a revenue estimate close to the consensus Wall Street estimate of approximately $54.8 billion [1]. - Analysts expect adjusted earnings per share of $1.25 for Q3, representing a 54% year-over-year increase [3]. Market Sentiment - Wall Street anticipates significant growth for Nvidia, but merely meeting estimates may not be sufficient for a substantial stock price increase; exceeding expectations is crucial [4]. - Nvidia has a strong track record of beating earnings estimates, having surpassed expectations by an average of 6.5% over the last four quarters [5]. Industry Trends - Major cloud service providers and companies like Meta Platforms are increasing spending on AI infrastructure, which could positively impact Nvidia's performance [6]. - Nvidia's CEO hinted at "very, very significant" forecasts from large customers for the upcoming year, alongside a growing number of AI startups requiring GPUs [8]. Investment Considerations - The current share price reflects significant growth expectations, with a forward price-to-earnings ratio just below 30, suggesting that any results below high expectations could lead to a decline in stock price [11]. - A long-term investment strategy may not necessitate buying shares before the Q3 update, as Nvidia is expected to benefit from the ongoing adoption of AI in the future [12].