Nvidia Earnings Nov. 17: Prediction Calls It a Huge Day for Stocks
Nvidia reports third-quarter fiscal 2027 earnings on Nov. 17 after guiding for $108 billion in revenue. One market prediction calls the date huge for Wall Street as AI stocks swing and the board investigates CEO Jensen Huang.
Nvidia is scheduled to report third-quarter fiscal 2027 earnings on Nov. 17, and one market prediction published November 10 says Nov. 17 will be a huge day for the stock market. The chipmaker has guided for $108 billion in revenue for the quarter.
The report is one of the most important dates left on Wall Street's 2026 calendar, according to that analysis. It gives investors a chance to test the strength of the artificial intelligence (AI) boom.
Technology stocks have been volatile. Concerns include AI infrastructure spending, potential regulation and whether the industry's growth is sustainable. Sentiment around AI shares has shifted since the midterm elections.
What Nvidia has guided
In its fiscal second quarter, which ended July 26, Nvidia reported $96.2 billion in revenue, up 106% from a year earlier. Data center revenue reached $89 billion, up 117%. Earnings per share rose 128% to $2.46, and gross margin hit 75%.
Management guided for third-quarter revenue of $108 billion, plus or minus 2%. That implies roughly 89% growth from the same quarter last year.
Wall Street expects slightly more. Analysts project about $108.9 billion in revenue and earnings per share of $2.47, which would mean roughly 91% revenue growth and 90% earnings growth. Nvidia's guidance assumes no data center revenue from China.
Where the demand comes from
Cloud providers, developers of advanced AI models and enterprises are committing capital to AI. Microsoft, Amazon, Alphabet, Meta Platforms, Oracle, Anthropic and OpenAI are all expanding data center capacity for AI training and inference, the analysis says. That spending feeds demand for Nvidia's graphics processors, networking gear and computing systems.
Nvidia's Blackwell architecture is a key part of that infrastructure. Its new Vera Rubin platform is in full production, with deployments under way at Microsoft Azure, Google Cloud, Oracle Cloud Infrastructure and CoreWeave. Rubin pairs GPUs with Nvidia's Vera CPUs and high-speed networking.
Inference, the work of generating responses from trained models, is becoming a major source of computing demand alongside training.
Leadership scrutiny
Nvidia also faces questions about its leadership. Its board of directors recently launched an independent investigation after reports that CEO Jensen Huang had a relationship with a woman suspected of ties to Chinese intelligence.
Huang has acknowledged an extramarital affair. The intelligence allegations remain under investigation.
The author of the analysis argues that investors should focus on what the earnings reveal about the underlying business, and that management's guidance gives reason to believe the growth story remains intact. Nvidia reports on Nov. 17.
