Overview Once again NVDA results beat expectations in terms of revenue and earnings. This also comes with better-than-expected forecasts for Q4. Below are the following details from the previous quarter: However, the initial reaction of the market was rather tepid. NVDA stock closed just 0.53% higher on the first trading day after the results were announced and dropped 3.22% the following day. Source: TradingView What makes investors worried about Nvidia Not topping expectations of the same magnitude as before Even though the revenue forecast for January quarter ($37.5bn) came above the FactSet estimate of $37.1bn, some buy-side analysts expected a $39-$40 bn range. The guidance beat, with just $400mn, was the smallest since April 2023 and recently has always been with $1bn or more. Supply constraints "Both Hopper and Blackwell systems have certain supply constraints, and the demand for Blackwell is expected to exceed supply for several quarters in fiscal 2026," Nvidia said in CFO At first glance, demand exceeding...