NVIDIA Corporation (NASDAQ: NVDA) reported strong fiscal Q3 results that exceeded Wall Street estimates but provided Q4 guidance that fell short of heightened investor expectations. Shares dropped approximately 3% in premarket trading following the announcement.

For Q3, NVIDIA posted earnings per share (EPS) of $0.81 on revenue of $35.1 billion, surpassing analyst expectations of $0.75 EPS on $33.09 billion revenue. A key driver was the data center segment, which generated $30.8 billion, marking a 17% sequential increase and a remarkable 112% year-over-year growth, beating forecasts of $28.84 billion.

Looking to Q4, NVIDIA projects revenue of $37.5 billion, plus or minus 2%, slightly above consensus estimates of $37.09 billion. Gross margins are anticipated at 73.0%, signaling robust profitability despite modest guidance.

Analysts expressed mixed views. Bank of America highlighted near-term investor caution due to subdued excitement but reaffirmed confidence in NVIDIA’s long-term growth potential, emphasizing its leadership in transitioning legacy infrastructure to AI-accelerated systems. Piper Sandler echoed optimism, noting that the company remains well-positioned for significant growth starting in April.

In summary, NVIDIA’s solid fundamentals and leadership in AI position it as a long-term winner, though near-term volatility may persist as investors digest its tempered Q4 outlook.

Nvidia Stock Chart Analysis

This chart displays NVIDIA Corporation’s (NVDA) stock performance on a 15-minute timeframe. The current price is $145.86, reflecting a slight increase of +0.33% during the day. The chart features candlestick patterns, showing the stock’s price movements, with highs and lows clearly marked.

The RSI (Relative Strength Index) indicator at the bottom reveals momentum dynamics. It’s hovering near 60.05, which suggests moderate bullish momentum, moving away from neutral levels. The RSI isn’t overbought yet (above 70), indicating room for further upward movement.

Recent trading action shows a recovery from a low of $137.15, with the price approaching previous resistance around $146.16. If this level breaks, it might signal a continued uptrend; otherwise, a pullback could occur. Traders should monitor the $144.76 support zone and $149.77 resistance for further signals.

Overall, NVDA’s short-term trend appears cautiously bullish, supported by improving RSI momentum.

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