Company Overview - Nvidia is a global technology leader specializing in GPUs, data center hardware, and AI solutions, with its products powering various applications from gaming to self-driving cars [1] - Founded in 1993 and led by Jensen Huang, Nvidia is headquartered in Santa Clara, California, operating in 38 countries with an estimated 92% market share of the discrete GPU market [2] Stock Performance - Nvidia's stock has shown strong performance through 2025, with a 4% increase over the past five days and a 6% increase over the past month, despite a combined drop of 5% on Monday and Tuesday [3] - Over the last six months, Nvidia's stock has gained 44%, while its 52-week performance shows a 33% gain, currently 8% off its 52-week high of $212.19 set on October 29 [3][4] Q3 Financial Results - Nvidia reported third-quarter FY2026 results on November 19, generating $57 billion in revenue, surpassing analyst estimates of $55.2 billion, with adjusted earnings per share of $1.30, beating the consensus forecast of $1.26 [5] - The strong performance was attributed to persistent AI demand, steady cloud and data center growth, and broad customer adoption across hyperscalers and enterprise segments [5] - The company achieved a gross margin exceeding 71%, with free cash flow remaining strong due to surging data center sales, and cash reserves reaching an estimated $40 billion [6] Growth Drivers - The data center segment led revenue growth, increasing nearly 80% year-over-year, with AI chip sales setting a new record [6] - Key performance metrics included accelerated adoption of Blackwell-class GPU platforms and new wins in large AI infrastructure deployments [6]
JPMorgan Is Bracing for a ‘Correction’ in AI Stocks. Should You Sell NVDA After Q3 Earnings?