The company’s fundamentals remain strong, supported by rising data centre spending and AI demand
Nvidia is set to report earnings on 19 November, and analysts expect another strong quarter with guidance likely above forecasts.
Robust cloud spending from giants like Microsoft and Amazon, along with rising investment from AI startups such as CoreWeave, continues to drive record orders.
According to Lale Akoner, Global Market Analyst, eToro, the next growth wave is powered by Blackwell GPUs (Graphics Processing Units) and the new RTX Pro chips, ramping up faster than expected. Nvidia’s GPU cycle is a blockbuster, with over US$ 500bn in potential revenue from Blackwell and Rubin chips through 2026, which is well above earlier forecasts.
The company’s expanding networking business, (the technology which connects thousands of AI chips to work together), could become a major profit driver by 2027. Finally, Nvidia is forging new partnerships in quantum computing, telecom, self-driving cars, and robotics.
Overall, despite recent stock price weakness on concerns about competition and China, Nvidia’s fundamentals remain strong, supported by rising data centre spending, AI demand, and networking growth. With next-gen chips on track for 2026, this remains a core long-term AI infrastructure play, a press statement concluded.
