Nvidia Stock Today, Nov 20: Shares Surge as ‘Off the Charts’ Blackwell Sales Fuel Big Earnings Beat
The spotlight is on NVIDIA Corporation (“Nvidia Stock”) today after the company delivered a blockbuster set of third-quarter results for fiscal 2026 and sent a strong signal that the AI-chip boom is very much alive.
The stock climbed sharply in after-hours trading as the company beat estimates, highlighted massive demand for its new Blackwell architecture, and raised its outlook. In this article we unpack the full story: the numbers, the drivers, the risks and what this means for investors and the market.
Nvidia Stock Q3 Results: What the Numbers Show
Record revenue and profit
Nvidia reported revenue of $57.0 billion for Q3 ending October 26, up 62% year-on-year and 22% from the previous quarter.
Adjusted earnings per share (EPS) came in at $1.30, beating expectations.
The gross margin was 73.4% (GAAP) and 73.6% (non-GAAP), reflecting scale and pricing power.
Data-centre revenue surges
The data-centre segment, a major driver for Nvidia Stock, reported revenue of $51.2 billion, up 66% year-on-year and up 25% versus the prior quarter.
This segment now accounts for nearly 90% of the company’s total revenue.
Other business lines
- Gaming revenue grew about 30% year-on-year to roughly $4.3 billion.
- Professional visualization rose 56% year-on-year to roughly $760 million.
- Automotive and robotics revenue increased ~32% year-on-year to ~$592 million.
Outlook and guidance
Nvidia guided revenue for Q4 at about $65 billion (+/-2%), which is well above analyst estimates in the low $62 billion range.
The company expects gross margins in the mid-70% range going forward.
Why Nvidia Stock Is Surging
Blackwell architecture demand and supply
One of the key reasons for Nvidia Stock’s sharp move is the company’s comments on its Blackwell GPU architecture. CEO Jensen Huang said that “Blackwell sales are off the charts, and cloud GPUs are sold out.”
This claim adds weight to the view that demand for AI infrastructure is not only intact but accelerating.
AI infrastructure momentum
Nvidia also noted it has visibility on $500 billion or more in AI-chip related bookings through 2026, largely driven by hyperscalers, cloud companies and large AI-model providers.
Why does this matter for Nvidia Stock?
Because it shows that the company’s growth is not a one-quarter spike. It suggests a multi-year cycle of demand, which supports valuation and investor confidence.
Valuation and market positioning
By delivering strong numbers and raising guidance, Nvidia Stock reinforces its role as the bellwether of the AI boom. The stock’s surge also reflects the broader market’s shift toward companies that can monetize AI infrastructure and enterprise demand, not just hype.
What Investors in Nvidia Stock Should Watch
Execution risk and competition
While the results are strong, investors should be mindful of supply-chain constraints, manufacturing scale, and competitive risks from rivals such as Advanced Micro Devices and new entrants.
Could Nvidia Stock face headwinds?
Yes, if demand slows, if margins compress or if regulatory / export issues disrupt China or other large markets.
Customer concentration and order backlog
Reuters noted that about 61% of Nvidia’s revenue comes from just four customers. That concentration poses risk if any major customer slows orders.
Macro and regulatory environment
Given Nvidia Stock’s large market‐cap and high growth valuation, macro risks such as interest-rate increases, geopolitical export controls and energy constraints in data-centres could all impact the outlook.
How Nvidia Stock Move Affects Markets and Tech Sector
Index impact and broader sentiment
Because Nvidia Stock is a heavyweight in major U.S. indexes, its upward move influences ETFs, passive funds and market sentiment. A strong result can lift the entire tech sector, while a stumble could weigh heavily.
Tech supply-chain winners and partners
Nvidia’s surge often gives a boost to its ecosystem, companies such as Micron Technology, Broadcom Inc., and other AI-hardware providers often benefit from the upward momentum in Nvidia Stock.
AI investment theme reignited
With Nvidia Stock reaffirming the AI-chip theme, investor flows into AI infrastructure, generative-AI startups and enterprise-AI plays may get renewed tailwinds.
Queries on Nvidia Stock
Is the surge purely hype or grounded in fundamentals?
It appears grounded. The company beat consensus, showed strong data-centre growth and provided higher guidance. CEO comments about Blackwell and the AI cycle add credibility.
Does this mean Nvidia Stock will keep rising?
Not guaranteed. With high expectations, markets may require more than just strong numbers, they will expect sustained execution over multiple quarters.
Should investors buy Nvidia Stock now?
For growth-oriented investors comfortable with some risk, the current momentum in Nvidia Stock is compelling. But for more cautious investors, waiting for a pull-back or clearer margin expansion may be wise.
Conclusion
Today’s jump in Nvidia Stock is well deserved: a record $57 billion in revenue, a 66% surge in data-centre sales, and guidance that beats expectations. The ‘off the charts’ demand for Blackwell chips gives the market clearer proof that the AI hardware boom is real.
However, with high valuation comes higher expectations and the need for sustained execution. Nvidia’s dominance is strong, but investors should remain vigilant about concentration risks, supply constraints and macro headwinds. For now, Nvidia Stock stands as a beacon of the AI-infrastructure wave, whether it continues ascending will depend on what comes after this quarter’s fireworks.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.