Investors are eagerly awaiting Nvidia’s (NVDA) third-quarter results, which will be announced on Wednesday, November 20. Paul Meeks, portfolio manager of Independent Solutions Wealth Management, joins Catalysts to discuss his views on the report.

Meeks points out that while Nvidia has continued to exceed expectations every quarter, its earnings have declined in recent quarters.

“A lot is expected of Nvidia, and they’re going to have to beat estimates even more. Let’s get back to double-digit upside, and then I think people will feel more comfortable,” he told Yahoo Finance. Despite this, he does not see demand at the company decreasing. “Nobody else is as close to making these chips as they are.”

As for the competition, Meeks expects Nvidia to remain a frontrunner in this area. However, he does point to Advanced Micro Devices (AMD), believing the company can “get its act together and be a viable second source.”

However, when it comes to overall market share, Meeks states, “Nvidia will continue to have the biggest piece of the pie.”

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This post was written by Angel Smith