Nvidia's Upcoming Earnings Create Uncertainty for More Than 700 ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2025
0mins
Should l Buy NVDA?
Source: SeekingAlpha
Nvidia's Quarterly Results: Nvidia is set to release its quarterly results on Wednesday, which could significantly impact the market, either revitalizing it or exacerbating the current pullback in November.
Influence on the Technology Sector: The results are expected to have broader implications for the technology sector and the exchange-traded fund (ETF) ecosystem, given Nvidia's status as a key player in both semiconductors and mega-cap tech.
Significant ETF Holdings: Nvidia is included in 717 funds, with over 3.5 billion shares held, indicating its substantial influence on various portfolios across Wall Street.
Top ETFs with Nvidia Allocations: The article lists the top 10 ETFs with the largest allocations to Nvidia, highlighting their significant percentage holdings, which could be affected by the company's upcoming results.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 190.050
Low
200.00
Averages
264.97
High
352.00
Current: 190.050
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Expectations: UBS analyst Timothy Arcuri reiterated his Buy rating and raised the price target from $235 to $245, anticipating Nvidia's revenue to reach approximately $76 billion, surpassing the market's expectations of $74 billion to $75 billion for the next quarter.
- Gross Margin Outlook: Despite investor skepticism regarding the 75% gross margin guidance, Arcuri stated that there are no near-term factors likely to impact this figure, indicating Nvidia's stability amid competitive threats from Google and Broadcom.
- Market Signals: As the GTC conference approaches, Nvidia's management appears frustrated with prevailing market doubts, yet bullish supply chain signals support the company's prospects for growth and margin sustainability.
See More
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- Nvidia's Market Position: Nvidia (NVDA) is well-positioned in the AI infrastructure race, with significant capital expenditures expected in 2023, pushing its market cap to $4.6 trillion; the current stock price of $186.94 reflects a forward P/E ratio of just 24, indicating strong investment appeal.
- Competitive Advantage Analysis: Despite competition from custom AI ASICs, Nvidia's GPUs remain central to AI development due to their flexibility and adaptability, and a recent talent acquisition and technology licensing deal with X's Groq further solidifies its market position.
- Micron Technology's Growth Potential: Micron Technology (MU) has sold out its high bandwidth memory (HBM) production, with demand surging alongside accelerated AI infrastructure buildout, leading to a market cap of $462 billion and a current stock price of $413.48, with a forward P/E under 12, showcasing strong growth potential.
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See More
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- Significant Funding: Anthropic announced a $30 billion funding round, pushing its valuation to $380 billion, more than doubling since September, indicating strong market confidence in its growth potential, particularly in the enterprise AI sector.
- Rapid Revenue Growth: The company reported a run-rate revenue of $14 billion, growing more than tenfold annually over the past three years, reflecting its robust performance in the fast-evolving AI market and potentially laying the groundwork for a future IPO.
- Market Leadership Shift: According to Menlo Ventures, Anthropic has captured approximately 40% of enterprise AI spending, up from 24% in 2024, surpassing OpenAI and demonstrating its rapid ascent in the industry.
- Contrasting Governance Approaches: Anthropic donated $20 million to Public First Action to promote AI governance, contrasting with OpenAI CEO Sam Altman's preference for a single federal regulatory framework, highlighting differing strategic directions in AI governance.
See More
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- Market Bubble Phenomenon: Predictions of an AI bubble bursting have not materialized, yet froth remains in the market as unprofitable companies are bid up based on expectations of heavy AI infrastructure spending, prompting investors to reassess risks.
- Microsoft's Stock Volatility: Microsoft (MSFT) shares soared over the past year due to investments in OpenAI and AI infrastructure, but dropped over 16% in 2026, with analysts predicting that its AI spending will pressure profitability; Stifel downgraded the stock and cut its price target by nearly 30%.
- Diversification Strategy: While Microsoft still holds long-term value, its price fluctuations highlight the importance of a diversified AI investment portfolio, suggesting that investors anchor their holdings with a clear leader to navigate future growth in AI-related companies.
- Nvidia's Growth Potential: Nvidia (NVDA) expects $3 trillion to $4 trillion to be spent on AI infrastructure by 2030, as reiterated by CFO Colette Kress, indicating that the company will benefit from growth in the AI sector, with a reasonable forward P/E ratio of about 25, making it suitable for long-term investment.
See More
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- Significant Revenue Growth: Fastly's Q4 revenue increased by 23% year-over-year to $172.6 million, driven by a 19% rise in network services sales to $130.8 million and a 32% surge in security revenue to $35.4 million, showcasing the company's robust performance in the cloud computing market.
- Improved Profitability: The company reported an adjusted net income of $20.1 million, compared to a loss of $2.4 million in the same quarter last year, with adjusted earnings per share reaching $0.12, significantly exceeding Wall Street expectations and indicating a marked improvement in profitability.
- Optimistic Future Outlook: Fastly anticipates revenue growth of approximately 14% to $710 million by 2026, with operating income projected at $55 million and adjusted earnings per share at $0.26, reflecting strong confidence in future growth, particularly driven by AI technology.
- Positive Market Reaction: Fastly's stock price soared 72% by the end of trading, indicating strong investor recognition of the company's performance and future prospects, further solidifying its position in the rapidly evolving cloud computing and AI markets.
See More
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- Google Search Engine Advantage: Alphabet (GOOGL) holds a dominant position as the primary search engine globally, leveraging AI to drive search growth, with its cloud computing revenue surging 48% last quarter, indicating strong market demand and profitability.
- Capital Expenditure Plans: Alphabet plans to invest between $175 billion and $185 billion in capital expenditures in 2023, particularly on its proprietary TPU chips, which provide a cost advantage in the AI sector, thereby enhancing its return on investment.
- Amazon E-commerce Growth: Amazon (AMZN) drives a 24% increase in operating income in its North American e-commerce business, with a 10% rise in sales, showcasing its dominant market position and operational efficiency through a robust logistics network.
- Cloud Computing Market Leadership: Amazon Web Services (AWS) sees a 24% revenue growth last quarter, marking an acceleration in its cloud computing sector, while committing to $200 billion in capital expenditures in 2023 to meet the rising demand for infrastructure and AI services.
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