Should You Buy Nvidia Stock Before November 19 or Wait for a Post-Earnings Dip?

Core Viewpoint - Nvidia is set to release its fiscal Q3 2026 earnings on November 19, with heightened attention due to the ongoing scrutiny of the AI sector and potential accounting issues raised by notable investors like Michael Burry [1][2]. Earnings Estimates - Analysts expect Nvidia to report revenues of $54.94 billion for fiscal Q3, slightly above the company's guidance of $54 billion, with earnings per share projected to rise by 50% to $1.17 [5]. Key Areas of Focus - Depreciation Concerns: The management's commentary on chip depreciation will be crucial, especially in light of Burry's allegations regarding the rapid depreciation of Nvidia chips [6]. - Investment Activities: Nvidia has announced significant investments, including up to $100 billion in OpenAI and $5 billion in Intel, raising concerns about potential circular financing [6]. - Competitive Landscape: The company faces increasing competition from AMD and other tech giants developing custom chips, as well as from Chinese companies pivoting to custom chip production [6]. - China Business Uncertainty: There remains uncertainty regarding Nvidia's operations in China, particularly with the U.S. government's export regulations and concerns over the use of Nvidia chips by domestic companies [6].