Nvidia’s earnings report is coming soon, but this time, the issue isn’t performance.
After the market closes on November 17, Nvidia will report its Q3 results. The market expects revenue of around $109 billion. Goldman Sachs is more optimistic, forecasting over $110 billion and setting a price target of $300. On the numbers alone, the results will probably be solid.
But performance isn’t the real problem right now.
First, the cheating scandal involving Jensen Huang has reached the courts. On November 9, shareholders filed a class-action lawsuit, accusing the company of concealing national security risks related to his affair and allegedly misleading investors. The stock fell 4.3% that day, wiping $190 billion off its market value. The board says there’s “no evidence at this time,” but a lawsuit won’t just go away because the board says so.
Second, after the Democrats’ sweeping midterm election victory, expectations for approvals of AI data centers in Texas are tightening. Texas and Georgia account for a third of all AI data center investment in the U.S. JPMorgan estimates global AI capital expenditures will reach $900 billion in 2026. If approvals hit a bottleneck, the entire timeline will have to be pushed back. Nvidia is the stock with the greatest exposure to this theme.
Third, hedge funds are already heading for the exits. Goldman Sachs data shows that they sold AI stocks for five consecutive trading days in October, fully unwinding all their net purchases since the start of 2025. At Morgan Stanley, AI positions have fallen to “underweight” for the first time since early 2023.
So what can the earnings report do? It can show that demand hasn’t dried up in the current period. But it can’t resolve the lawsuit, change regulations, or stop institutions from reducing their positions.
Do you think an earnings report that beats expectations can pull Nvidia out of these three holes?
Follow me for more news and updates.
$NVDAB #英伟达Q3财报将至：能否化解市场疑虑？
Disclaimer: The content above is based solely on publicly available reports and does not constitute investment advice. Markets involve risk; make decisions with caution.$NVDA
After the market closes on November 17, Nvidia will report its Q3 results. The market expects revenue of around $109 billion. Goldman Sachs is more optimistic, forecasting over $110 billion and setting a price target of $300. On the numbers alone, the results will probably be solid.
But performance isn’t the real problem right now.
First, the cheating scandal involving Jensen Huang has reached the courts. On November 9, shareholders filed a class-action lawsuit, accusing the company of concealing national security risks related to his affair and allegedly misleading investors. The stock fell 4.3% that day, wiping $190 billion off its market value. The board says there’s “no evidence at this time,” but a lawsuit won’t just go away because the board says so.
Second, after the Democrats’ sweeping midterm election victory, expectations for approvals of AI data centers in Texas are tightening. Texas and Georgia account for a third of all AI data center investment in the U.S. JPMorgan estimates global AI capital expenditures will reach $900 billion in 2026. If approvals hit a bottleneck, the entire timeline will have to be pushed back. Nvidia is the stock with the greatest exposure to this theme.
Third, hedge funds are already heading for the exits. Goldman Sachs data shows that they sold AI stocks for five consecutive trading days in October, fully unwinding all their net purchases since the start of 2025. At Morgan Stanley, AI positions have fallen to “underweight” for the first time since early 2023.
So what can the earnings report do? It can show that demand hasn’t dried up in the current period. But it can’t resolve the lawsuit, change regulations, or stop institutions from reducing their positions.
Do you think an earnings report that beats expectations can pull Nvidia out of these three holes?
Follow me for more news and updates.
$NVDAB #英伟达Q3财报将至：能否化解市场疑虑？
Disclaimer: The content above is based solely on publicly available reports and does not constitute investment advice. Markets involve risk; make decisions with caution.$NVDA