By Zev Fima
Publication Date: 2025-11-19 11:06:00
Nvidia earnings, the most important report of the quarter, will be out after Wednesday’s close, and AI rockstar CEO Jensen Huang will be on the hot seat to answer tough questions about the spiraling artificial intelligence spending promises and how these tech companies — big and not so big — are going to pay for them all. Club stock Nvidia has gained about 35% year to date, as of Tuesday’s close, trading around $181 each. That’s nearly double their lowest close of 2025 on April 4, just days after President Donald Trump first announced his so-called reciprocal tariffs. There have been a lot of twists and turns in U.S. trade policy since then, with Trump making tariff deals with several countries and still working to reach one with China. Shares of Nvidia, which have largely benefited from Trump’s trade pacts and its own blockbuster AI dealmaking, closed at a record high of $207 on Oct. 29 and marked their first close above a $5 trillion market cap. NVDA YTD mountain Nvidia YTD Along with the incredible rise in the stock price, Nvidia’s earnings have kept pace. As a result, the stock still trades at about 27 times fiscal 2027 earnings estimates, the lower end of the range over the past decade. The forward price-to-earnings multiple is that far out because Nvidia’s earnings calendar has the company releasing Wednesday evening its fiscal 2026 third quarter, which ended in October. Unlike other recent quarters, Nvidia stock is not red-hot going into the print, and…

