The company has regularly impressed the market with earnings ahead of expectations but it might struggle to do so this time.

Now, let's consider the two upcoming catalysts: Nvidia's third-quarter earnings report on Nov. 20 and the launch of its new Blackwell architecture in the fourth quarter. News of any kind -- positive or negative -- clearly could affect stock performance.

One analyst made Nvidia’s stock his new top large-cap chip pick, while another likened Nvidia’s position to Apple’s in the early days of the iPhone.

Santa Clara, California-based NVIDIA Corporation (NVDA) is a key innovator of computer graphics and AI technology. The company provides graphics and compute and networking solutions. With a market cap of $3.

But the "Magnificent Seven" member that everyone is most curious about has yet to report: Nvidia (NASDAQ: NVDA). That will change on Nov. 20. Read More: Earn up to $845 cash back this year just by changing how you pay at Costco!