09:04 AM EST, 11/19/2025 (MT Newswires) -- Nvidia ( NVDA ) is expected to "handily" exceed Wall Street estimates during Q3 earnings, given the positive data points noted from Asian supply check along with recent Big Tech capital expenditure numbers seen by hyperscalers, Wedbush said in a Wednesday note.

The brokerage said it believed that demand for Blackwell will be front and center on the conference call, and that the results have a "huge void" with the China chip restrictions from the Trump Administration still in place and under ongoing trade negotiations.

"In our opinion Nvidia's ( NVDA ) earnings and guidance and general bullish commentary from Jensen will be a positive catalyst for tech stocks into year-end," Wedbush said, adding that the datapoints from Nvidia ( NVDA ) will be important to convince investors that this artificial intelligence spending is not a bubble moment.

The firm rated Nvidia ( NVDA ) as outperform with a $210 price target.