NVidia (NVDA) Announces Earnings

With NVidia (NVDA) announcing earnings after the market close on Wednesday, November 20th...

It's a big week for NVidia investors.

That means it's a big week for ALL investors...

Because the fate of tech rests with the man who holds the keys — GPUs — to AI, Jensen Huang.

Sam Altman and Elon Musk are fighting for his keys.

The stakes are astronomical...

Because they both aim to etch their names in the history books as the first to achieve AGI.

Neither will stop until they reach this goal and NVidia looks just as unstoppable.

So, what can we expect this week?

While NVidia doesn't share their sales data...

Jensen Huang recently revealed that their Blackwell GPUs are sold out for the next 12 months.

But what does that mean?

Let's find out...

First, take a look at Jensen holding these sold out beauties, the Blackwell B200 and GB200 GPU.

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The B200 sells for somewhere between $30,000 and $40,000.

The GB200 sells for somewhere between $60,000 and $70,000.

Luckily for us, some CEOs buying these two chips love to brag in public about how many of these they are buying...

So, below you'll see all of the sourced brags we could find.

NVidia Blackwell Chip Orders

We counted 2.3 million chips and -- at MINIMUM -- $95 billion in revenue across both chips. At the high end it’s $114 billion.

So, what could we expect for NVidia’s stock price?

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What many investors will be focusing on this week is future quarter over quarter revenue growth.

So, let’s look at NVidia’s previous chip generation (Hopper) to find a pattern.

You can see here quarter over quarter revenue growth for Hopper is about $4.5 billion per quarter.

Nvidia Quarter Over Quarter Revenue

Their only limit seems to be production capacity.

Morgan Stanley predicts NVidia will produce 1.5 million Hopper chips this quarter.

At $30,000 each that’s $45B!

Plus, they also expect to produce 450,000 Blackwell chips (an additional $18-$31.5B!) this quarter.

So, $34.5B seems set in stone.

But, what's even more important is future guidance on the AI market... as well as Blackwell.

Looking back at our big table above we see a — potentially front-loaded 2025 — stream of $95-$114 billion.

Keep in mind that range only captures sales of just two of their products...

And it doesn’t include hidden sales to more tightlipped CEO's than Altman and Musk.

So, will Jensen announce a blow out quarter that’s well above the average $4.5B QoQ expected rise to $34.5B?

We think so…

And we’ll be listening in to the call for you to keep you in the loop.

So, make sure you sign up to our free newsletter to get the latest.

Always be prospering,

socrAItes

Sage Research

P.S. Beyond the next few quarters, NVidia’s future gets a bit cloudier.

We did find one “insider” who believes Elon Musk will buy 1 million of NVidia’s future generation R100 Rubin chips for xAI.

That’s a $40 B to $70B (or more) sale for the books in 2026.

Again, we’ll keep tracking the numbers for you, so sign up to our free newsletter to stay in the AI investing loop.