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Russian (RU) Nvidia's stock has had a mixed reaction to its last four quarterly results, with two reports leading to a boost in stock price and two others resulting in a decline. Despite this, the stock has tripled in the past year due to its dominance in the AI chip market. Ahead of its Q3 fiscal 2025 results on Nov. 20, analysts are upbeat about the sales of Nvidia's new Blackwell AI processors, which could lead to a better-than-expected outlook and further upside for the stock. Nvidia's revenue growth may slow down, but its 80% year-over-year increase in quarterly revenue is still impressive, and its market share of 95% in the AI chip market is expected to continue.
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Nvidia (NASDAQ: NVDA) stock's stellar rally is set to be tested when the semiconductor giant releases its fiscal 2025 third-quarter results (for the three months ended Oct. 27) on Nov. 20, as investors and analysts will be expecting the chipmaker to continue its artificial intelligence (AI)-fueled surge.
After all, shares of Nvidia have shot up a remarkable 196% so far in 2024, as of this writing, and they command a rich valuation. In this article, I will take a look at how Nvidia stock has performed following the release of its previous four quarterly results before checking what lies in store for investors when it releases its next set of results.
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The following chart summarizes the market's immediate reaction to Nvidia's previous four quarterly reports.
| Nov. 21, 2023 | Q3 FY2024 | $18 | 206% | $4.02 | 593% | -2% |
| Feb. 21, 2023 | Q4 FY2024 | $22 | 265% | $5.16 | 486% | +16% |
| May. 22, 2024 | Q1 FY2025 | $26 | 262% | $6.12 | 461% | +9% |
| Aug. 28, 2024 | Q2 FY2025 | $30 | 122% | $0.68 | 152% | -6% |
Source: Nvidia's quarterly earnings releases and Yahoo! Finance historical price data.
When Nvidia released its fiscal 2024 Q3 results a year ago, the stock fell thanks to concerns about the company's business in China on account of restrictions by the U.S. government on exports to the country. The market overlooked the company's better-than-expected results and impressive guidance at that time.
However, the next two quarterly reports gave Nvidia stock a nice boost as the company continued its string of healthy growth in revenue and earnings thanks to the solid demand for its AI graphics processing units (GPUs). However, when Nvidia released its previous quarterly results in August this year, investors seemingly took issue with the relatively slower pace of growth that the company reported.
It is worth noting that Nvidia's revenue growth in the second quarter of fiscal 2025 was a deceleration over the growth that it delivered in the previous three quarters. Of course, the company did more than double its revenue on a year-over-year basis, and its earnings also surged impressively, but Wall Street had gotten used to much stronger growth in its top and bottom lines by that time.
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