As Nvidia Corp. prepares to unveil its third-quarter fiscal 2025 earnings on November 19, 2025, Wall Street remains resolutely optimistic despite growing investor unease over the sustainability of the AI boom. Analysts from major firms are forecasting robust growth, driven by unrelenting demand for Nvidia’s high-performance chips essential for artificial intelligence applications.

According to recent reports, Nvidia’s revenue is projected to hit around $54.8 billion for the quarter, marking a staggering 56% year-over-year increase. Earnings per share are expected to climb to $1.25, reflecting the company’s dominant position in the AI hardware market. This optimism persists even as broader market concerns about AI overinvestment and potential bubbles loom large.

Analyst Forecasts and Market Sentiment

Morgan Stanley has raised its price target on Nvidia stock to $220, citing expectations of a ‘breakout quarter’ fueled by the ramp-up of Blackwell GPUs. The firm, maintaining an Overweight rating, anticipates revenue exceeding $33 billion, up 84% from the previous year. Similarly, Wedbush predicts earnings and guidance beats, propelled by hyperscaler demand.

Business Insider reports that analysts see demand for Nvidia’s high-grade AI hardware increasing in coming quarters, staying upbeat even as investors fret over the AI trade. Business Insider highlights how Wall Street’s bullish stance contrasts with skittish investor sentiment, with some fearing an AI bubble burst.

The Blackwell GPU Ramp-Up

Nvidia’s upcoming Blackwell architecture is a focal point, with Barclays raising its price target to $200, forecasting $2 billion upside in July versus street estimates. The bank notes full-year compute revenue raised to $37 billion, though Blackwell wafer output is at 30k per month, below the 40k target, but with healthy utilization.

Reuters previously noted Nvidia’s third-quarter revenue forecast above Wall Street estimates, underscoring the AI trade’s momentum. Reuters emphasized how Nvidia, the force behind the U.S. stock market rally since 2023, continues to dominate AI chipmaking.

Historical Performance and Recent Quarters

Looking back, Nvidia’s second-quarter fiscal 2025 results showed revenue of $30.0 billion, a 15% quarter-over-quarter increase, with gross margins at 75%, as per posts on X from App Economy Insights. The company guided for third-quarter revenue around $32.5 billion, beating estimates by $0.8 billion.

However, updated figures from Nvidia’s official newsroom for what appears to be an earlier aligned quarter reported record revenue of $35.1 billion, up 17% from the prior quarter and 94% year-over-year, with data center revenue at $30.8 billion. NVIDIA Newsroom quoted CEO Jensen Huang stating, ‘The age of AI is in full steam, propelling a global shift to NVIDIA computing.’

Investor Concerns and AI Overbuilding

Yahoo Finance warns of high-stakes Q3 earnings amid investor concerns over AI overbuilding. Yahoo Finance notes that Nvidia will report after the bell on Wednesday, with analysts eyeing signs of sustained AI demand versus overcapacity risks.

Fast Company echoes this, stating that with AI stocks sliding, Wall Street holds its breath for results that could signal an AI bubble. Fast Company points out that a lot is riding on these results, as investors across sectors watch for validation of the AI hype.

Stock Performance and Volatility

Nvidia’s stock has been a rollercoaster, valued over $4 trillion, with expectations of more than 50% year-over-year growth in both EPS and revenue, according to TradingView News. TradingView News questions if anything can stop the AI king as it heads into earnings.

Posts on X from users like Bearlovesbull reveal CEO Jensen Huang’s disclosure of $500 billion in chip orders locked in for 2025-2026, heightening anticipation. This comes as analysts like those from IndexBox forecast Q3 revenue at $55 billion and EPS at $1.25, amid scrutiny of AI sector valuations.

Broader AI Market Implications

CNBC reflects on Nvidia’s transformation over the past two years, with demand for AI processors reshaping the chipmaker. CNBC discusses expectations around Blackwell, China restrictions, and H20 chips, noting no H20 sales in recent updates.

Kiplinger provides live updates, zeroing in on the AI bellwether’s results just days away. Kiplinger stresses Wall Street’s focus, with data center sales projected to exceed $48 billion and Blackwell rollout updates in the spotlight.

Guidance and Future Outlook

GuruFocus highlights Nvidia’s expected shipment of 7 million Blackwell GPU units by 2026, emphasizing strategic AI and datacenter investments. GuruFocus sees the 2026 outlook as a key driver.

WebProNews describes Nvidia’s half-trillion AI gambit, with earnings as crunch time for Huang’s vision amid China export curbs and positions like Michael Burry’s short. WebProNews notes analysts eyeing $54.6 billion revenue and Blackwell updates, testing the AI boom’s resilience.

Options Market and Trading Dynamics

IG Australia notes options market pricing, with Q3 revenue expected at $54 billion, up 60% quarter-over-quarter. Posts on X from IG Australia highlight data center sales over $48 billion and focus on supply chain updates.

New Street Research, as discussed on Yahoo Finance video, analyzes potential stock reactions post-earnings. Yahoo Finance features analyst Antoine Chkaiban discussing expectations for the AI chipmaker.

Global and Sectoral Impacts

The broader implications extend to global markets, with Reuters suggesting the AI trade has more to run based on Nvidia’s forecasts. Unusual_whales on X reported Nvidia’s revenue forecast of $32.5 billion for an earlier quarter, beating estimates.

First Squawk on X detailed Q2 2025 results with revenue of $46.74 billion beating estimates, and Q3 guidance at $54.0 billion, underscoring consistent outperformance.

Strategic Shifts and Challenges

Nvidia faces challenges like U.S.-China trade tensions, with no H20 sales noted in updates. Barclays’ outlook includes Blackwell Ultra mass production, signaling ongoing innovation.

Posts on X from The AI Investor highlight raised targets and healthy utilization, while Quartr shared Q3 metrics with revenue up 94% and data center up 112%, quoting Huang on the AI shift.

Investor Strategies and Final Thoughts

As earnings approach, strategies vary, with some like Michael Burry shorting amid volatility. RJC on X previews the release, noting Morgan Stanley’s raised target.

Matheus on X summarizes analyst bullishness, with forecasts of earnings beats driven by hyperscalers. Nicholas Bravery on X provides a preview with revenue at $54.8 billion and EPS at $1.24, emphasizing data center’s AI boom role.