Nvidia (NVDA) enters its Q3 earnings week with high expectations, as analysts anticipate another robust quarter fueled by AI-chip demand and growing data-center spending. Susquehanna recently raised its price target for the stock to $230 from $210, citing a smooth GB300 ramp and heavy capex plans from major cloud providers over the next two years.

The company is set to report Q3 earnings on Wednesday after the bell. Industry checks suggest solid demand for AI servers, with suppliers noting that partners like Foxconn are already hitting next year’s revenue milestones, providing confidence in Nvidia’s near-term backlog. Analysts also expect Nvidia’s new Blackwell Ultra chips to lift average selling prices, while the broader Blackwell and Rubin product cycles offer multi-year visibility.

Wall Street projects Q3 revenue around the mid-$54 billion range, with EPS near $1.24, representing a significant year-over-year increase. Gross margins are expected to trend toward the mid-70% range due to a shift toward higher-end products. Investors will closely monitor guidance, especially demand signals from the U.S. and China, as strong results could sustain momentum while any signs of slowdown may trigger volatility.