Dear Nvidia Stock Fans, Mark Your Calendars for November 25

Core Viewpoint - Nvidia's stock has seen a year-to-date increase of 38.3%, but recent valuation concerns have led to pressure on the stock as investors reassess the sustainability of its high forward non-GAAP P/E ratio of 41.82x [1][5]. Company Overview - Nvidia is recognized as a leading technology firm specializing in graphics processing units and artificial intelligence solutions, with a market capitalization of $4.62 trillion, making it the most valuable company globally [2]. Market Sentiment and Investor Actions - Michael Burry has publicly criticized the AI boom and revealed significant bearish positions against Nvidia, suggesting that the current tech spending cycle resembles the dot-com bubble [4][5][7]. - Burry's hedge fund, Scion Asset Management, has been deregistered with the SEC, and he has hinted at new developments coming on November 25 [4][12]. Financial Performance Expectations - Nvidia is expected to report third-quarter revenue of $54.94 billion and adjusted earnings of $1.25 per share, reflecting year-over-year increases of 56.62% and 54.65%, respectively [13]. - Data center revenue is projected to rise by 61% year-over-year, contributing $49.53 billion to total revenue, driven by strong demand for Nvidia's Blackwell chips [13]. Analyst Ratings and Projections - Wall Street analysts maintain a generally positive outlook on Nvidia, with a consensus "Strong Buy" rating and a mean price target of $235.51, indicating a potential upside of 27.4% from current levels [16][17]. - Morgan Stanley's analyst Joseph Moore has raised his price target for Nvidia to $220, citing strong demand signals from customers and suppliers [17].