Overview
- Nvidia posted fiscal Q3 revenue of $57 billion with adjusted EPS of $1.30 and guided Q4 sales to about $65 billion, led by $51.2 billion from data centers and strong Blackwell demand at hyperscalers.
- After an initial post-earnings jump near $197, Nvidia shares reversed to close around $181 on Nov. 20, and major indexes swung from early gains to losses the same day.
- Wall Street raised price targets following the report, including Evercore ISI at a street‑high $352 and an average FactSet target near $250, with several firms framing the pullback as a buying opportunity.
- The U.S. Justice Department charged four individuals over an alleged scheme to illegally export restricted Nvidia AI chips to China, adding legal and geopolitical scrutiny to the outlook.
- Nvidia’s outsized footprint in passive funds has grown as it became the largest S&P 500 stock, and Foxconn announced a $1.4 billion Nvidia‑powered supercomputing center slated to go live in the first half of 2026.