Nvidia (NVDA) fell 4.22% to $204.64 on October 30 after Intel's weak outlook and Amazon's results revived doubts about AI spending. While the share price stayed roughly flat, consensus revenue for fiscal 2028 rose from about $554 billion on June 30 to about $692 billion on November 2, mainly through revisions by existing analysts. The forward P/E fell from 20.8x at the end of July to 16.9x. Nvidia reports on November 17 after the close, against guidance of $108 billion, plus or minus 2%, and a Street average of about $109 billion, while analysts expect about $124 billion for the January-quarter outlook.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nvidia’s Fiscal 2028 Revenue Estimate Is Up 25% Since June. Here’s What November 17 Has to Prove
Read the original on Yahoo Finance ↗
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Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.64 |
| Change that session | -4.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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