Nvidia earnings updates: Investors brace for Q3 results, with the stock down 10% in November (www.businessinsider.com)

Nvidia is set to report Q3 earnings after the market close (results at 4 p.m. ET, analyst call at 5 p.m. ET) in what investors are calling a make-or-break update for the AI trade. The stock is down about 10% in November but still up ~35% year-to-date, and Wall Street remains mostly upbeat that strong AI-driven demand will persist. The report is being watched as a barometer of how aggressively hyperscalers and AI startups are continuing to buy GPUs and networking gear for model training and inference; any sign of cooling could ripple across valuation expectations for AI infrastructure vendors. Bloomberg consensus estimates peg Q3 revenue at ~$55.2B with data center revenue ~ $49.3B (compute $41.6B, networking $7.75B), gaming ~$4.4B, and adjusted EPS $1.26. Analysts expect a 73.7% adjusted gross margin, adjusted operating income ~$36.5B, R&D ~$4.66B and capex ~$1.59B. Forward-looking estimates show Q4 revenue ~$62.0B (margin 74.6%) and 2026 revenue around $208B. For the AI/ML community, these numbers signal whether capacity expansion, pricing power, and chip supply for large-scale training will stay robust—affecting project timelines, cloud costs, and hardware roadmaps across the ecosystem.