NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

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 NVIDIAâ€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, NVIDIAâ€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 Corporationâ€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 stockâ€s price movements, with highs and lows clearly marked.

The RSI (Relative Strength Index) indicator at the bottom reveals momentum dynamics. Itâ€s hovering near 60.05, which suggests moderate bullish momentum, moving away from neutral levels. The RSI isnâ€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, NVDAâ€s short-term trend appears cautiously bullish, supported by improving RSI momentum.

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