Will Nvidia Soar After Nov. 20? The Evidence is Piling up and it Says This.

The S&P 500 is rallying toward a 25% increase this year, and many growth stocks have greatly contributed to the gain. The one that stands out, though, is Nvidia (NASDAQ: NVDA). It's become a stock market star thanks to its leadership in the artificial intelligence (AI) chip market, holding about 80% share. AI customers have been flocking to Nvidia for its AI chips and related products and services, and this has helped earnings soar in the triple digits quarter after quarter.And speaking of quarterly performance, investors now are turning to one particular event set to unfold in just a couple of days. Nvidia plans to report fiscal 2025 third-quarter earnings on Nov. 20. We might be optimistic since the company has a track record of surpassing expectations and has recently spoken of "insane" demand for its products. Still, Nvidia already has climbed nearly 200% this year. And it's important to remember that this particular quarter may represent a transition for the chip designer, as it prepares to launch its new Blackwell architecture.Now the question is: Will Nvidia soar after Nov. 20? Evidence is piling up, and it's pointing to one particular outcome. Let's find out more.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool