It's definitely possible that the Republican nominee wins Arizona and Nevada but not Georgia, since the former two could easily swing to the right with continued Hispanic gains while the latter is basically gone for Republicans unless they start doing significantly better with black voters. The less plausible part is Democrats flipping North Carolina because if Democratic suburban support is solid enough to win there, the Democratic nominee would almost certainly win Arizona and Nevada too. The most plausible way for this to happen is if the matchup is Kamala Harris/Roy Cooper vs some Republican with stronger appeal to Mexican Americans but only Trump levels of support in affluent, predominately white suburbs.
NC also has a lot of hispanics who Trump did quite well with (43%)
