Nvidia Corporation (NVDA, Financial) is expected to witness significant stock gains following its Q3 2024 earnings on November 20. Analysts predict record-breaking revenues, fueled by escalating demand for AI-driven data centers and chips, strengthening Nvidia's dominance in the semiconductor market.

• Warning! GuruFocus has detected 5 Warning Signs with NVDA.

Traditionally, Nvidia's stock surges after its earnings report and is already up 8% this month. Analysts predict over a 10% increase if Nvidia can beat current estimates or deliver more optimistic forecasts for the Blackwell GPU architecture. Preorders have indicated that product Nvidia's will be a runaway success, with production said to be booked for the next year, pointing to the enormity of AI's reliance on this area.

However, supply chain disruptions affecting a partner like Super Micro Computer (SMCI, Financial) could affect Blackwell's rollout and cause people to worry about whether the firm can sustain the growth rate. Such issues will be made more explicit by Nvidia in their conference call.

As Nvidia is charting a course towards leading the AI revolution, the firm's Q3 report will be one of the biggest moments, showing how Nvidia is one of the true pillars of the tech industry.

This article first appeared on GuruFocus.