The artificial intelligence (AI) giant has exceeded the analyst consensus earnings estimate in 19 of the l\past 21 quarters.

Nvidia stock is moving ahead of earnings on Nov. 19, amid a debate about potentially stretched valuations for companies linked to the AI boom.

NVDA stock has risen by 5.8% over the past day and is presently trading at $199.05. The gains come as both the S&P 500 and Nasdaq indices soared on Monday as Congress takes a big step toward ending the record-breaking government shutdown that had raised concerns about the U.S. economy.

Nvidia shares are trading lower Tuesday following reports that SoftBank Group offloaded its entire stake in the chipmaker.

Adria Cimino has positions in Amazon and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

Shares of Nvidia have wobbled recently amid chatter of an artificial-intelligence bubble. To some research analysts on Wall Street, it’s looking like a buying opportunity.

On the semiconductor side of the house, Broadcom is seeing unprecedented demand for its custom application-specific integrated circuits (ASICs). Essentially, GPUs designed by Nvidia and AMD are purpose-built to handle a variety of tasks. Broadcom's ASICs enter the equation when developers need robust chipsets for application-specific features.