Nvidia Stock Could Skyrocket After Nov. 19. Here's Why.

Core Viewpoint - Nvidia has a strong history of outperforming expectations and is positioned for significant growth in the AI sector, particularly as it approaches its Q3 earnings report for fiscal 2026 [1][3][9]. Company Performance - Nvidia's stock has shown remarkable resilience, with a 1,180% increase since the start of the AI arms race in 2023, and only a 10% decline from its recent peak [2]. - The stock trades at less than 30 times next year's earnings, comparable to other major companies, but Nvidia's growth rate is significantly higher, making it appear relatively cheap [10][12]. Market Position - Nvidia has established itself as a leader in the AI arms race, benefiting from its best-in-class GPUs and a first-mover advantage that has locked many hyperscalers into its ecosystem [4]. - The AI hyperscalers are projected to have record-setting capital expenditures, with expectations of global data center capital expenditures reaching $600 billion in 2025 and potentially rising to $3 trillion to $4 trillion by 2030 [6][7]. Future Outlook - Analysts expect Nvidia to generate $207 billion in revenue during FY 2026, capturing about a third of all AI capital expenditures, which could lead to $1 trillion in revenue by 2030 if the market expands as projected [7][8]. - Nvidia is anticipated to outperform expectations in its upcoming earnings report, driven by strong sales of high-end chips, which could result in a significant stock price increase [9][12].