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Nvidia, the computing backbone of the artificial intelligence (AI) race, is expected to see a tremendous surge in growth over the next few years. The company’s graphics processing units (GPUs) are essential for data center buildouts, where AI hyperscalers are currently spending hundreds of billions of dollars—a number slated to rise significantly in 2026. This spending makes Nvidia one of the largest and clearest beneficiaries of the AI revolution. Notably, November 19th is Nvidia’s expected Q3 earnings report date, which has historically been a major catalyst for the stock.
The $300 Billion Growth Story
The confidence in Nvidia’s future is underpinned by a significant revelation: CEO Jensen Huang disclosed an order log for the company’s most advanced computing chips totaling around $300 billion for the next five quarters. This backlog strongly indicates incredible revenue growth is on the horizon, potentially compounding the $165 billion in revenue generated over the past 12 months.
Several factors are supporting Nvidia’s upward trajectory. The company is poised to cash in on AI hyperscalers who have massive budgets, and there is a possibility that restrictions may ease, allowing Nvidia to re-enter the massive computing market in China. Critically, the need for AI computing capacity is still far from being fully met, suggesting a robust long-term demand for Nvidia’s products.
Stock Split Unlikely to be Announced on Nov. 19
While November 19th is a key date for Nvidia’s earnings, an announcement of another stock split is unlikely. Nvidia has undergone six total stock splits in its history—most recently a 10-for-1 split in 2024 at a split-adjusted $1,220 and a 2021 split at $744. The stock’s current price is around $200, which is far below these historical split levels.
Furthermore, Nvidia is now a member of the price-weighted Dow Jones Industrial Average (DJIA), where it is the 17th largest component. To maintain the index’s balance, companies in the DJIA generally need to keep their dollar-per-share level somewhat in line with others. This status, combined with the stock’s current price, suggests a split is not imminent. If Nvidia’s success continues, another split will eventually materialize in a few years, but not likely on Nov. 19th.
Despite the promising growth forecast, which suggests investors would be wise to buy in now, a key point of caution is raised by the investment advisory service, Stock Advisor. Their analyst team, who recently identified their 10 best stocks to buy now, did not include Nvidia on that exclusive list, believing those other 10 stocks could produce “monster returns” in the coming years.
A strong historical performance, achieving a total average return of 1,064%, crushing the S&P 500’s 194% return over the same period, is broadly praised. Previous recommendations included Netflix (a $1,000 investment in 2004 would now be worth $604,044) and Nvidia itself (a $1,000 investment in 2005 would now be worth $1,220,149).
While all eyes will be on the November 19th earnings report, Nvidia’s role in the AI future is secure and its growth potential is undeniable. Investors, however, may want to weigh this against the views of leading experts who currently see better, higher-return opportunities elsewhere.
