Nvidia beats Q3 revenue expectations with strong growth projection, positive long-term outlook

From Nasdaq: 2024-11-29 17:19:00

Nvidia (NASDAQ: NVDA) wows with record Q3 revenue of $35.1 billion, beating estimates and signaling strong growth ahead. Despite stock dip post-earnings, company expects continued momentum with Blackwell AI chips. Margins may drop short-term due to ramp-up, but long-term outlook remains positive for investors. Analysts predict 48% earnings growth in 2026.

Investors assess Nvidia’s performance and outlook following Q3 results. Revenue estimates for fiscal 2026 show positive trajectory. Strong demand for Blackwell processors could boost earnings beyond expectations. Stock currently trades at 33 times forward earnings, with potential for further upside. Company’s track record of beating estimates suggests continued growth in 2025.

With Nvidia showing promising growth potential, investors may consider buying or holding shares. Strong demand for Blackwell processors could drive earnings growth beyond forecasts. Stock currently trades at a similar valuation to the tech-heavy Nasdaq-100 index, indicating room for potential upside. Analysts expect 48% earnings growth in 2026.

The Motley Fool Stock Advisor team identifies 10 top stocks for investors, excluding Nvidia. Despite not making the list, the company’s strong growth potential and track record of exceeding estimates make it an attractive investment option. Investors may want to consider the long-term growth prospects of Nvidia before making investment decisions. Stock Advisor has provided investors with a successful blueprint since 2002, quadrupling S&P 500 returns. With regular updates, portfolio building guidance, and two new stock picks monthly, investors who followed recommendations could have turned $1,000 into $829,378. The service recommends stocks like Advanced Micro Devices and Nvidia. *Source: The Motley Fool.



Read more at Nasdaq: Will Nvidia’s Blockbuster Results Be Enough to Send the Stock Higher?