By Marty Shtrubel
Publication Date: 2025-11-16 15:08:00
Nvidia (NASDAQ:NVDA) heads into this week’s fiscal third-quarter earnings as the reigning market force, despite the stock’s recent 8% pullback. The retreat has taken place along with a broader tech sell-off, as doubts have surfaced about the Fed moving ahead with a rate cut in December, while debate continues over lofty tech valuations and a possible AI-driven bubble.
Meet Your ETF AI Analyst
Nevertheless, with the readout slated to take place on Wednesday (November 19), Oppenheimer’s Rick Schafer, an analyst who ranks in 8th spot among the thousands of Street stock experts, thinks the scene is set for another robust display from the AI chip king.
Driven by the new GB300 Ultra, the analyst sees potential upside to the Street’s F3Q (October quarter) sales/EPS estimates of $54.7 billion/$1.25 and the F4Q (January) outlook of $61.5 billion/$1.42. Schafer expects Data Center (DC) revenue, which accounts for 88% of the business, to rise 58% year-over-year (19% quarter-over-quarter) as deployments shift from GB200 to GB300, with top cloud service providers installing roughly 1,000 racks per week. Management has noted a backlog of 20 million Blackwell/Rubin GPUs, with 6 million already shipped. Vera Rubin is set to launch in the second half of 2026, and a 1GW data center would require around 8,000 VR200 racks, an amount Schafer estimates could represent over $40 billion in DC spend.
Networking, which accounts for 16% of DC revenue, grew 46% in F2Q and the analyst…
