NVDA Surges 5.79% on Pre-Earnings Rally as Analysts Hike Targets on AI-Driven Growth Outlook

Nvidia shares surged 5.79% in pre-market trading on November 11, 2025, signaling strong pre-earnings momentum as analysts and investors anticipate robust performance ahead of its third-quarter results on November 19.

Citi and UBS have both raised price targets for Nvidia, with Citi lifting its target to $220 from $210, reflecting a 17% upside potential, while UBS set a $235 target, underscoring confidence in the chipmaker’s AI-driven growth. Analysts highlighted Nvidia’s projected Q3 revenue of $56.8–$57 billion, exceeding consensus estimates, and forecast Q4 revenue of $62–$64 billion, driven by surging AI infrastructure spending and the milestone of six million Blackwell chips shipped. The stock’s valuation, currently trading at a 28x P/E compared to peers’ 37x–38x, is seen as appealing despite broader tech sector volatility.

Market sentiment remains bullish, with retail traders on Stocktwits showing high engagement and positive sentiment. Analysts like Atif Malik of Citi emphasized Nvidia’s leadership in AI computing and long-term advantages in cloud partnerships and developer ecosystems, which are expected to sustain its competitive edge. UBS and Bank of America reiterated “Buy” ratings, citing $500 billion in data center orders and potential upside from China-focused GPU reintroductions.

Backtest Assumption: A hypothetical strategy tracking Citi’s revised Q3/Q4 revenue forecasts and price targets could simulate entry points ahead of November 19 earnings. Historical data shows Nvidia’s stock often reacts sharply to guidance updates, with potential for a “buy the report” move if results exceed $57B and $62B estimates. Position sizing might align with the 13–17% upside implied by analyst targets, though risk management remains critical given AI sector cyclicality.