Nvidia's Earnings: AI Titan Eyes $61B Profit Amid Bubble Buzz

Nvidia’s stock surged over 4% as it gears up for its Q3 earnings report on November 20, 2024. With a staggering 196% YTD increase and a market cap nearing $4 trillion, the AI powerhouse is expected to report revenues up 80% to $32.8 billion and profits soaring past $61 billion. Holding 80% of the AI accelerator market, Nvidia’s dominance fuels both investor excitement and bubble concerns. Analysts are also watching U.S. sales restrictions to China for potential impacts. Can Nvidia maintain its record-breaking streak or will the AI hype face a reality check?