Spotlight on Nvidia this week, awaiting the quarterly results, which will be presented in the US market after-market on Wednesday evening. A wait full of expectations, because the stability of the entire technology sector and the possible bursting or otherwise of a speculative bubble will depend on the stability of its profits and investments in AI, since the valuations are very tense and the capitalization has already reached 5,000 billion dollars.
Boom in orders for AI-related chips
Nvidia CEO Jensen Huang revealed in October that his company has $500 billion in orders between 2025 and 2026. For a company that has seen its quarterly revenue grow nearly 600% over the past four years, Huang’s statement is a sign that Nvidia is confident in another year of strong growth and that the AI boom has not yet come to an end.
“This is the amount of business in the portfolio. Half a trillion dollars so far.”
Huang said at the company’s GTC conference in Washington.
The figure includes 2025 revenue, current sales of Blackwell graphics processing units and Rubin GPUs next year, as well as related components such as networking. From the number one’s statements, a 2026 turnover figure emerged that greatly exceeds Wall Street’s forecasts. Analysts surveyed by LSEG currently predict revenue of $286.7 billion for Nvidia in 2026.
Margins of error reduced to a minimum
Huang also said the company has some “visibility” into those revenues. A statement that is not surprising, given that Nvidia includes the major technology companies among its customers, such as Google, Amazon, Microsoft and Meta. All these companies, during the latest round of quarterly reports, declared that they had increased investments in artificial intelligence infrastructures. Among other things, Nvidia also signed numerous partnership agreements during the last quarter that expand the scope of orders. The most important agreement was the agreement with OpenAI.
Expectations for the 3rd quarter
Nvidia will report third-quarter results Wednesday evening, and analysts polled by LSEG expect EPS of $1.25 on revenue of $54.9 billion, up 56% year-over-year.
For Filippo Diodovich, Senior Market Strategist of IG Italia, the turnover could even reach 55 billion dollars, up 55% on an annual basis, while the EPS is indicated at 1.26 USD.
Guidance for the quarter to January 2026 of $61.44 billion in revenue is also expected, which would indicate an acceleration of growth. Nvidia usually never goes unbalanced on guidance, anticipating estimates that do not go beyond one quarter, but the CEO’s statements on the order book and the company’s prospects for 2026 will be carefully analyzed by the market, not only for Nvidia’s prospects, but also for those of the technology sector in general.
A test for the entire AI ecosystem
IG Italia, therefore, also confirms that the November 19 quarterly report will not only say how Nvidia is doing, but how the entire global investment cycle in artificial intelligence is going. In a context where many studies continue to report a lag between AI spending and economic returns, the numbers and management’s tone will have an immediate impact on investor valuations, expectations and positioning. Nvidia is no longer just a GPU maker: it has become the leading indicator of confidence in technologies that could shape the economy of the next decade. This is why November 19th will be more than a quarterly. It will be a referendum on the whole super-optimistic narrative about the world of artificial intelligence.
