Track market-moving stories before they get noisy

Nvidia is scheduled to post earnings after the closing bell on Wednesday, with traders anticipating a big move from the AI chip leader's stock.

Quarterly financial results from Nvidia Corporation (NASDAQ:NVDA) on Wednesday after market close are among the most anticipated events of the week. Analysts and investors are expecting the company to once again report strong results that beat estimates and to provide guidance ahead of estimates. Here’s why that might not be enough to move the stock back to all-time highs.

Nvidia Earnings StrengthFreedom Capital Markets Chief Market Strategist Jay Woods calls Nvidia the "poster child for all that is AI" and previews the earnings ahead of Wednesday’s key event.

"They have beaten EPS 18 of their last 20 reports and revenues have exceeded expectations 19 of the last 20, so the bar is high," Woods said in a weekly newsletter. "A simple beat may not be enough."

Woods said investors are hoping for another beat-and-raise quarter, but that might not be the most important metric to move the stock. The market expert says investors will be looking for "confirmation that the massive AI infrastructure spending cycle remains alive and well."

The focus on AI infrastructure spending is reflected in Nvidia’s data center revenue, up 92% year-over-year in the first quarter, to $75.2 billion.

With heavy spending on AI infrastructure by the likes of Microsoft, Amazon, Alphabet, and Meta, Woods said investors should pay attention to Nvidia’s data center segment, as it is the "ultimate report card" for AI infrastructure spending. Likewise, if the segment disappoints, it could paint weakness for the entire AI infrastructure segment.

"Any sign that hyperscalers are tapping the brakes could quickly become the biggest story of the quarter."

After focusing on Blackwell demand in recent quarters, Woods says investors and analysts will be looking ahead to the Vera Rubin platform to make sure this next chip is on schedule and that demand remains high.

Woods calls China the "major wildcard" for the company with current guidance not pricing in any data center compute revenue from the region. This comes as China/Hong Kong once made up around 19% of Nvidia’s annual revenue.

With a potential reopening of the region and easing of restrictions, Nvidia could see billions in revenue restored that aren’t part of current guidance.

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Nvidia Stock TechnicalsNvidia stock has fallen after five of its last six earnings reports, according to Woods, with the last +/- 10% earnings move coming in February 2024.

"Earnings haven’t been a strong catalyst over the last several quarters," Woods said.

Woods said Nvidia stock trades near the mid-point of its recent range ($195 to $230) and above its 50-week moving average, leaving a limited edge for traders.

"Expect the stock to challenge its old highs between $230/$235 on any positive reaction."

Woods said it depends on whether there is enough momentum in the earnings report and guidance to send shares higher.

On the flip side, negative sentiment could see the $195 support level in play.

"As we head into the results, we are at a crossroads, and that’s what makes this quarter so important."

Nvidia Stock Price ActionNvidia stock is down 2.6% to $209.17 on Monday versus a 52-week trading range of $164.07 to $236.54. Nvidia stock is up 10.8% year-to-date in 2026.  

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

NVIDIA Corp. (NASDAQ:NVDA) shares fell more than 2% Monday as weakness in technology stocks weighed on the chipmaker ahead of its Aug. 26 earnings report.

The Nasdaq fell 0.78%, the S&P 500 slipped 0.19% and the Technology sector dropped 1.5%.

• NVIDIA shares are experiencing downward pressure. Why are NVDA shares declining?

Nvidia is entering its next phase of AI growth as Blackwell Ultra shipments rise, Vera Rubin begins its initial ramp and the company expands across compute, networking, software, infrastructure and financing.

Cantor Sees Nvidia Expanding Beyond GPUsCantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $350 price forecast on Nvidia.

Muse believes investors underestimate Nvidia’s ability to sustain growth as it expands beyond GPUs into networking, rack-scale systems, software, infrastructure and financing. While custom silicon could pressure Nvidia’s unit share at hyperscalers, he expects the company’s broader system strategy to support more resilient revenue share.

Muse outlined stretch-case EPS of $16 to $17 in calendar 2027 and $23 to $25 in 2028. Cantor expects hyperscaler capital spending to approach $1 trillion in 2026 and potentially reach $1.5 trillion in 2027.

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He estimates Nvidia could generate about $400 billion in calendar 2026 data center revenue with roughly 80% of a $500 billion AI accelerator and networking market.

By 2030, Cantor’s scenarios imply data center revenue of about $1.05 trillion at 60% market share, $1.23 trillion at 70% and $1.4 trillion at 80%. Muse considers 60% share a bear case and estimates Nvidia could still produce $25-$30 in EPS by 2030.

JPMorgan Expects Another Beat and RaiseJPMorgan analyst Harlan Sur reiterated an Overweight rating and $280 price forecast.

Sur expects fiscal second-quarter revenue of $94 billion-$95 billion, up about 15% sequentially and ahead of the $92.1 billion Street consensus. He projects GB300 and remaining GB200 rack shipments will rise about 15% quarter over quarter to 17,000-18,000 units.

For the October quarter, Sur expects Nvidia to guide revenue to $107 billion-$108 billion, compared with the $104.5 billion consensus.

He projects rack shipments will increase another 13% to 14% to 19,000-20,000 units, including the first 1,000-2,000 Vera Rubin racks. Sur estimates Vera Rubin could lift blended average selling prices by 5% to 10% and reduce per-token platform costs by about 90% versus Blackwell Ultra.

Sur also estimates every 100,000 H200 GPUs shipped to China could add roughly $3 billion in revenue.

Competition, Margins Remain in FocusSur expects GPUs and ASIC/XPU platforms to move toward roughly equal shares of the AI compute market over the next several years, while Nvidia retains overall leadership.

He expects near-term gross margins in the mid-70% range but sees rising memory costs as a longer-term risk. Nvidia trades at roughly 17 times Street calendar 2027 EPS and 13 times 2028 EPS, according to Sur.

Earnings and Price ActionNvidia will report earnings on Aug. 26.

Wall Street expects EPS of $2.07, up from $1.04 a year earlier, on revenue of $92.03 billion versus $46.74 billion.

NVDA Price ActionNvidia shares were down 2.14% at $210.13 at the time of publication on Monday, according to Benzinga Pro data.

Photo via Shutterstock

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Nvidia (NASDAQ: NVDA) faces a major test this week as investors await its fiscal second-quarter 2027 earnings results, with Rosenblatt Securities remaining optimistic about the company.

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NVDA buy

Buy Nvidia (NVDA). The stock is down with the whole semis complex, but the setup is an earnings catalyst: consensus expects $2.09 EPS and $91.96B revenue, and two major analysts reiterated Buy/Overweight with higher targets ($325/$350). If NVDA confirms 2027 data-center revenue momentum (or even just gives clearer outlook), the market’s “AI spending sustainability” fear should fade fast.

Key Risk: NVDA guides to slower 2027/next-quarter data-center growth or signals AI infrastructure financing is tightening, proving the spending cycle is peaking.

SOXX buy

Buy iShares Semiconductor ETF (SOXX). The article shows broad weakness (MU, AMD, AVGO, INTC, STX all down), which creates a better risk/reward entry than picking only one name. If NVDA’s earnings act as a green light for the AI capex cycle, semis typically re-rate together and SOXX captures the rebound without relying on one company’s execution.

Key Risk: Earnings across the group (or guidance from peers) confirms AI capex is slowing materially, keeping the whole sector de-risked.

Nvidia NVDA shares fell around 2.6% to around $209 in early Monday trading as the chipmaker began its earnings week under pressure from a broader decline in technology and semiconductor stocks.

The S&P 500 fell 0.2%, while the Nasdaq Composite lost 0.5%. The Dow Jones Industrial Average was up 32 points, or 0.1%.

Chip stocks were among the biggest decliners. The iShares Semiconductor ETF dropped almost 3%.

Micron Technology fell more than 6%, while Advanced Micro Devices and Broadcom declined 3% and about 2%, respectively.

Other technology stocks also came under pressure. Sandisk dropped 9%, Intel declined 4%, and Seagate Technology fell 6%.

Nvidia will report its fiscal 2027 second-quarter results on Wednesday in what has become a key test for the broader artificial intelligence investment cycle.

The chipmaker is expected to beat consensus estimates of $2.09 in adjusted earnings per share and $91.96 billion in revenue.

Rosenblatt Securities reiterated a Buy rating and $325 price target on Nvidia ahead of the earnings report.

The firm expects the second-quarter results to act as a positive catalyst for the stock, with revenue and earnings expected to exceed consensus estimates.

Rosenblatt also expects Nvidia's third-quarter revenue and earnings guidance to come in above consensus expectations.

The firm pointed to the company's continued momentum and leadership in artificial intelligence, while maintaining its view that Nvidia will continue to deliver strong performance.

Cantor Fitzgerald also reiterated an Overweight rating on Nvidia on Monday and maintained a $350 price target.

The firm said investors remain underweight the stock and expects Nvidia shares to move rapidly once the stock begins to rise. Nvidia remains one of Cantor Fitzgerald's top picks.

The firm identified several potential catalysts that could support the shares.

One is a formal update on Nvidia's data center revenue outlook for 2027.

Cantor noted that other companies have already provided specific targets for that period, while Nvidia has not.

The firm also pointed to potential developments involving Anthropic ahead of its expected fourth-quarter 2026 initial public offering.

Greater visibility into hyperscale and other capital expenditure plans for 2027 and 2028 could also provide support for Nvidia, according to the firm.

Cantor additionally cited continued strong growth among neocloud companies and increasing confidence in graphics processing units becoming a standardized asset class through new financing agreements.

Nvidia's results will arrive after a period of increased scrutiny around the sustainability of AI infrastructure spending, competition and financing arrangements across the industry.

The company remains central to the AI infrastructure trade, making its quarterly results an important indicator for investors assessing whether current levels of spending can continue.

The earnings report will provide a key test of Nvidia's ability to convert continued AI infrastructure investment into revenue growth while addressing investor concerns around financing, competition and the sustainability of spending across the sector.

Wall Street heads into one of the biggest weeks of the late summer, with Nvidia earnings, a key inflation reading and Federal Reserve Chairman Kevin Warsh’s first Jackson Hole appearance all likely to shape the outlook for stocks and bonds heading into September.

The timing could hardly be more important. Rising Treasury yields rattled markets last week, while concerns over US debt, elevated oil prices and renewed tariff tensions added to an already volatile backdrop.

The biggest corporate event comes Wednesday after the closing bell, when Nvidia (NASDAQ: NVDA) reports earnings.

The chipmaker remains at the heart of the AI trade, making its results a major test of whether the enormous spending boom around artificial intelligence can continue. Investors will be watching for updates on AI infrastructure demand, product ramp timing, China exposure and Nvidia’s growing involvement in financing AI projects.

Options traders are pricing in a roughly 6% move in Nvidia shares following the report.

Expectations remain high, with Nvidia forecast to report more than $92 billion in quarterly revenue. But the market will be looking beyond the headline number for clues about how long the AI investment cycle can continue.

Kathleen Brooks, research director at XTB described Nvidia as “the central bank of the tech world,” arguing that its influence now extends well beyond chipmaking.

“This means that their results are central for financial markets,” Brooks said. “Nvidia is now so powerful and cash-rich that it is almost like a central bank to the tech industry.”

The results could reverberate across the broader semiconductor sector, with Marvell Technology, Micron, Arm Holdings and Advanced Micro Devices among the stocks closely tied to Nvidia’s earnings reaction.

Before Nvidia takes the spotlight, investors will get an important update on inflation.

The core PCE price index, the Fed’s preferred inflation measure, is due Wednesday morning. The report carries added significance after the Fed held rates steady last month despite three policymakers dissenting in favour of a hike.

Deutsche Bank said the reading will be heavily scrutinized given the increasingly divided debate over inflation and policy.

“Market participants will heavily scrutinize Wednesday’s core PCE print,” the bank said, adding that it is tracking a 0.18% monthly increase, equivalent to annual growth of around 3.22%.

A softer reading could reduce expectations for a September rate hike, while a stronger number would reinforce concerns that inflation remains stubbornly high.

Investors will also get fresh data on personal income and spending, durable goods orders and second-quarter GDP, providing a broader picture of economic momentum heading into the third quarter.

Attention then shifts to Jackson Hole, where Warsh is scheduled to speak Friday.

Markets will be listening closely for his views on inflation, interest rates and the recent turmoil in Treasury markets. Warsh has moved away from detailed forward guidance, making his approach harder for investors to predict.

Deutsche Bank believes the Fed chair may use the speech to outline his broader vision for the central bank rather than offer specific policy signals.

“Warsh’s Jackson Hole speech provides a timely opportunity for the Fed’s new leader to clarify his vision for the central bank,” the bank said.

However, Deutsche Bank added that, given Warsh’s preference for providing limited information about the policy outlook, “his comments will most likely skew” toward broader themes.

That uncertainty comes as the bond market remains under pressure. The 30-year Treasury yield climbed to around 5.27% last week despite increased Treasury buybacks.

Brooks said investors are increasingly focused on inflation, mounting federal debt and the enormous borrowing needed to fund the AI buildout.

“This is set to be a pivotal week for asset markets, since there is still a chance the US Treasury sell off becomes a full-blown crisis,” she warned.

Other risks are also building. Renewed US-Canada trade tensions have brought tariffs back into focus, while elevated oil prices remain another concern for investors. Brent crude ended last week above $94 per barrel as traffic through the Strait of Hormuz slowed.

Brooks warned that persistently high oil prices could keep upward pressure on inflation, interest rates and Treasury yields heading into the autumn.

Meanwhile, investors have increasingly looked beyond traditional US assets. Gold, silver and platinum all posted strong gains last week, while Bitcoin surged 22% to above $77,000.

All in all, investors should expect a big week with Nvidia and Jackson Hole likely to dominate investor attention.

Add in core PCE, GDP data, oil prices, tariff tensions and a fragile bond market, and Wall Street is heading into the final stretch of August with little room for complacency.

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Good Morning Traders!

Today’s economic calendar kicks off the week with very limited scheduled data. The July Chicago Fed National Activity Index provides a broad look at U.S. economic activity across production, employment, consumption, housing, and other areas of the economy. The only other notable scheduled event is the Treasury’s 3 and 6 Month Bill Auction at 11:30AM ET. 

With no major economic catalyst on the calendar, today’s session may be driven more heavily by technical levels, Treasury yields, positioning, and individual stock flows. After last week’s monthly options expiration, traders should also watch how the market behaves as expiration related positioning resets and a new week begins. Quiet calendars can produce rotational sessions, so the quality of volume and acceptance around important levels may be more informative than the initial directional move.

Now, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

SPDR S&P 500 ETF Trust (SPY)

SPY is currently trading around 764.50 as markets begin the week with very little scheduled economic data. With the macro calendar unlikely to provide a major directional catalyst, technical levels, Treasury yields, and broader positioning should have greater influence on today’s session. If buyers defend 764.50, a move toward 770.50 may develop, followed by 776.50 if momentum builds. Sustained strength above 782.50 would improve the short term structure and put buyers back in control. 

If SPY loses 764.50 with conviction, sellers may press into 758.50. A breakdown there could expose 752.50, while continued weakness may bring the 746.50 region into focus. On a quiet Monday, watch whether early moves attract meaningful volume and acceptance or simply rotate back through the opening range.

Invesco QQQ Trust Series 1 (QQQ)

QQQ is currently trading around 709.75 and remains under pressure following the recent pullback across large cap technology. If buyers defend this pivot, price may advance toward 716.75, followed by 723.75 if momentum strengthens. Sustained strength above 730.75 would begin repairing the short term structure and indicate improving institutional demand. 

If 709.75 fails to hold, sellers may drive price toward 703.25. A deeper breakdown could expose 696.75, while continued weakness may bring the 690.25 region into play. With limited macro catalysts today, participation from semiconductors and the major technology components should provide an important read on whether QQQ can stabilize.

Apple Inc. (AAPL)

AAPL is currently trading around 310.50 and continues to demonstrate better relative stability than several other mega cap technology names. If buyers defend this pivot, price may rotate toward 315.75, followed by 321.00 if momentum builds. Sustained strength above 326.25 would reinforce the constructive short term structure. 

If 310.50 breaks lower, sellers may test 305.50 quickly. Continued downside pressure could extend into the psychological 300 level, while deeper weakness may bring the 295.00 region into focus. Relative performance against QQQ remains worth monitoring as the broader technology sector attempts to stabilize.

Microsoft Corp. (MSFT)

MSFT is currently trading around 483.25 and remains below the psychologically important 500 level after its recent pullback. If buyers defend this area, price may recover toward 490.25, followed by 497.25 if momentum builds. Sustained strength above 504.25 would reclaim 500 and materially improve the short term structure. 

If 483.25 fails to hold, sellers may press into 476.25. A deeper pullback could test 469.25, while continued weakness may bring the 462.25 region into play. Until MSFT begins establishing acceptance back above 500, rallies into that area may continue to encounter overhead supply.

NVIDIA Corporation (NVDA)

NVDA is currently trading around 214.50 and remains an important leadership gauge for semiconductors and QQQ. If buyers defend this pivot, a move toward 221.75 may develop, followed by 229.00 if momentum strengthens. Sustained trade above 236.25 would improve the short term structure and indicate renewed semiconductor participation. 

If 214.50 fails to hold, sellers may test 208.50 quickly. Continued downside could extend into 202.50, while deeper weakness may bring the psychological 200 area and 196.50 region into focus. NVDA’s ability to stabilize could be particularly important for determining whether the recent technology pullback begins finding support.

Alphabet Inc Class A (GOOGL)

GOOGL is currently trading around 343.75 and continues attempting to establish a durable base after its recent weakness. If buyers defend this level, price may rotate toward 350.25, followed by 356.75 if momentum improves. Sustained strength above 363.25 would indicate a more meaningful recovery attempt. 

If 343.75 fails to hold, sellers may guide price toward 337.75. A breakdown there could expose 331.75, while continued weakness may bring the 325.75 region into play. Continued underperformance while QQQ stabilizes would reinforce the presence of stock specific selling pressure.

Meta Platforms Inc (META)

META is currently trading around 552.25 and attempting to stabilize after its substantial pullback from the 600 area. If buyers defend this pivot, a recovery toward 559.75 may develop, followed by 567.25 if momentum builds. Sustained strength above 574.75 would begin repairing the short term structure and provide stronger evidence that buyers are establishing a base. 

If 552.25 breaks lower, sellers may guide price toward 545.25. A deeper pullback could test 538.25, while continued weakness may bring the 531.25 region into focus. META still has meaningful overhead supply to work through before the larger recovery becomes more convincing.

Tesla Inc. (TSLA)

TSLA is currently trading around 361.50 and continues to display notable relative strength after extending its recent recovery. If buyers defend this pivot, a move toward 370.00 may develop, followed by 378.50 if momentum continues. Sustained strength above 387.00 would reinforce the bullish short term structure and indicate continued speculative demand. 

If 361.50 fails to hold, sellers may test 353.50 quickly. Continued downside pressure could extend into 345.50, while deeper weakness may bring the 337.50 region into play. With several mega cap technology names still struggling, TSLA’s ability to maintain relative strength should be worth monitoring.

Final Word: Good luck and trade safely!

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

News Summary:

In Artificial Analysis benchmarking, Groq 3 LPX showcased world-class speed for agentic coding and other latency-sensitive workloads.NVIDIA Groq 3 LPX extends the inference performance of NVIDIA Vera Rubin NVL72 systems by dramatically increasing token generation rates.Nebius is the first AI cloud to adopt NVIDIA Groq 3 LPX.
PALO ALTO, Calif., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Hot Chips—NVIDIA today announced that NVIDIA Groq 3 LPX, the interactive AI inference accelerator, is now in full production. An extension of the NVIDIA Vera Rubin platform, Groq 3 LPX delivers a major boost in AI inference by enabling ultrafast token generation for highly responsive agentic systems.

Agentic systems can generate massive volumes of tokens across hundreds or thousands of inference steps, making faster token generation critical for agents to reason, act and complete complex tasks in real time.

Vera Rubin NVL72 systems provide the most versatile training and inference platform for every AI factory. NVIDIA Groq 3 LPX extends the inference performance of Vera Rubin NVL72 by dramatically increasing the rate of token generation, providing premium user experiences for context-heavy workloads so agents can act at extreme speeds.

NVIDIA Groq 3 LPX is pushing the frontier of AI inference. It delivered a record 3,400 output tokens per second in Artificial Analysis benchmarking running Gemma 4 31B, an open source agentic model, with a 100,000-token context critical for agentic systems — the fastest performance ever recorded for the model.

Groq 3 LPX enables agentic tasks such as coding in minutes versus hours, providing 4x faster responsiveness for agents and latency-sensitive workloads than the nearest alternative platform.

“Inference is the growth engine of AI. NVIDIA Grace Blackwell and NVL72 revolutionized large language model inference with an unprecedented leap in performance and efficiency,” said Jensen Huang, founder and CEO of NVIDIA. “Vera Rubin extends that vision with workload-optimized AI factory configurations designed for the era of agentic AI, advancing the performance frontier with LPX for ultrafast token generation. This transforms how intelligence is produced, delivering another giant leap in AI throughput, efficiency and responsiveness, just as demand for AI computation is accelerating worldwide.”

Groq 3 LPX — The Interactive AI Inference Accelerator
Agentic AI creates two distinct computing challenges: efficiently processing enormous amounts of context and generating tokens with extremely low latency.

NVIDIA Groq 3 LPX is purpose-built to extend Vera Rubin’s interactivity — the rate at which tokens are generated for an individual user, determining how quickly an agent can complete each step of its work.

Faster generation gives agents more time to inspect files, write and test code, call tools, verify results and iterate while maintaining a responsive user experience.

AI Cloud Momentum for Groq 3 LPX
AI clouds are becoming the engines of the AI economy, giving enterprises and developers access to advanced infrastructure for training, reasoning and inference at scale. For providers serving latency-sensitive, high-volume inference workloads, NVIDIA Groq 3 LPX provides a path to deploy differentiated compute in proven rack-scale systems.

Nebius, a leading AI cloud, plans to bring NVIDIA Groq 3 LPX to Nebius Token Factory, its production inference platform, giving developers access to extreme token generation speed for highly responsive agentic AI applications.

“Generation is the phase of inference that determines how responsive an AI system actually is, and that’s exactly what NVIDIA Groq 3 LPX is built to accelerate,” said Danila Shtan, chief technology officer of Nebius. “As the first AI cloud bringing it to production via Nebius Token Factory, we’re making sure every step of an agent’s loop feels instant — through the same API developers are already using, with no migration to a new stack.”

Following Nebius, purpose-built AI inference cloud Groq plans to be among the platform’s earliest adopters.

Extreme Codesign for AI Factories
Through extreme codesign across seven chips and five purpose-built racks, NVIDIA Vera Rubin is the most extensive AI factory platform.

NVIDIA Vera Rubin NVL72 and Groq 3 LPX tackle the various workload requirements of customer AI factories, including frontier model makers and open model service providers.

These rack platforms feature NVIDIA BlueField®-4 DPUs and work in combination with NVIDIA Vera CPU racks, NVIDIA Vera BlueField-4 STX storage and NVIDIA Spectrum™-6 SPX Ethernet to optimize multi-agent systems for the highest throughput per watt and the lowest-latency inference.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Alex Shapiro
Corporate Communications
NVIDIA Corporation
[email protected]

Certain statements in this press release including, but not limited to, statements as to: expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on NVIDIA’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise or legal obligation, and the development, release and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, BlueField and NVIDIA Spectrum are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Groq and LPU are used under license from Groq, Inc. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9f9a4ac-5592-4829-b98f-898c29c59625

NVIDIA Groq 3 LPX NVIDIA Groq 3 LPX, the interactive AI inference accelerator, is now in full production.

James Demmert says Nvidia's (NVDA) earnings will be "very important" but expects Wall Street to "overcomplicate" the report. He calls the stock a "bargain" at current prices.

Investor attention will undoubtedly focus this week on the latest quarterly results from Nvidia. In the meantime, second-quarter numbers have already come in strong.

Key Takeaways NVIDIA expects fiscal Q2 revenues of about $91 billion as AI adoption accelerates worldwide.Data center revenues are estimated at $85.14 billion, up about 107.2% year over year on AI spending.Blackwell and Vera Rubin adoption is growing as Microsoft, Amazon and Google expand use of NVIDIA chips. NVIDIA Corporation (NVDA - Free Report) is set to report its second-quarter fiscal 2027 earnings on Aug. 26, and expectations are high.

The company continues to dominate the artificial intelligence (AI) computing market and remains one of the biggest beneficiaries of the ongoing AI boom. NVIDIA’s powerful data center graphics processing units (GPUs) have become the backbone of modern AI infrastructure, supporting everything from cloud computing to generative AI applications. With enterprises and cloud providers continuing to increase AI spending aggressively, NVIDIA appears well-positioned to deliver another impressive quarter.

Expectations From NVIDIA’s Q2 ResultsNVIDIA expects second-quarter fiscal 2027 revenues of roughly $91 billion (+/-2%), highlighting the massive acceleration in AI adoption worldwide. This represents a remarkable leap from prior years as more businesses allocate significant capital toward AI-driven growth initiatives. The Zacks Consensus Estimate currently stands at $91.8 billion, suggesting a staggering 96.4% jump from the year-ago figure and nearly 11.5% sequential growth.

The consensus mark for second-quarter earnings is pegged at $2.09, implying a year-over-year surge of 99.1% and sequential growth of 11.8%. Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 5.52%.

Click here to know how NVDA’s overall fiscal second-quarter results are likely to be.

Datacenter: NVIDIA’s Key Growth CatalystNVIDIA’s data center business has been a major reason for its recent growth. In the first quarter of fiscal 2027, the segment’s revenues jumped 92% year over year and 21% sequentially to $75.25 billion.

This strong trend is expected to have continued in the second quarter. The Zacks Consensus Estimate for data center revenues is pegged at $85.14 billion, indicating an approximately 107.2% year-over-year increase and a 13.1% sequential rise. The main reason behind this strength is the massive AI infrastructure spending by enterprises and hyperscale cloud providers, which rely heavily on NVIDIA’s GPUs to train and deploy AI models.

The company's newest Blackwell and Vera Rubin AI platforms are seeing strong customer adoption due to their superior performance and energy efficiency. These chips are widely used for training large language models and delivering real-time AI responses efficiently. Major technology companies like Microsoft, Amazon and Google continue expanding their use of NVIDIA chips across AI-focused products and cloud services, which is expected to have boosted second-quarter performance.

Beyond technology companies, NVIDIA’s chips are increasingly being adopted across industries such as healthcare, automotive, manufacturing and cybersecurity. Its AI platforms help power applications, including digital assistants, recommendation engines, autonomous systems and language translation tools. As AI adoption becomes more widespread, NVIDIA’s importance within the broader technology ecosystem is only expected to grow further.

NVDA’s Zacks Rank and Other Stocks to ConsiderCurrently, NVIDIA carries a Zacks Rank #2 (Buy).

Taiwan Semiconductor Manufacturing Company (TSM - Free Report) , Lumentum Holdings Inc. (LITE - Free Report) and Teradyne Inc. (TER - Free Report) are some other top-ranked stocks that investors can consider in the Zacks Computer and Technology sector. Taiwan Semiconductor, Lumentum and Teradyne each sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Taiwan Semiconductor’s 2026 earnings has moved upward by 11 cents over the past 30 days to $16.45 per share, calling for an increase of 54.5% year over year. Taiwan Semiconductor’s shares have climbed 77.9% in the trailing 12 months.

The Zacks Consensus Estimate for Lumentum’s fiscal 2027 earnings has been revised upward to $21.27 per share from $18.16 over the past 30 days. The consensus mark for the bottom line indicates a year-over-year increase of 145.3%. Lumentum shares have surged 602.3% over the past year.

The Zacks Consensus Estimate for Teradyne’s 2026 earnings is pegged at $9.10 per share, revised upward by 26.4% over the past 30 days and suggests a year-over-year jump of 129.8%. Teradyne shares have soared 221% over the past year.

The AI trade has hit a few stumbling blocks lately, with the sector facing a key test from Nvidia's earnings later this week.

24.8.2026 16:07, NVDA, STLD, NUE

Index Dow Jones +0,3 % na 53435,09 b. S&P 500 -0,29 % na 7651,94 b. Nasdaq Composite -0,8 % na 25970,06 b.

Nejsledovanější americký index S&P 500 v úvodu týdne ztrácí. Investoři podle agentury Bloomberg čekají na podrobnosti o amerických sankcích proti Íránu a zároveň se připravují na středeční hospodářské výsledky společnosti NVIDIA a páteční projev předsedy Federálního rezervního systému Kevina Warshe.

Ačkoliv nadcházející výsledky společnosti NVIDIA (-2,5 %) podle Bloombergu pravděpodobně poslouží jako připomínka jejího dominantního náskoku, někteří velcí zákazníci byli informováni, že ceny serverů obsahujících její čipy pro umělou inteligenci v mnoha případech stoupnou o více než 15 %. Tato zpráva tak vyvolala propad u akcií výrobců paměťových čipů.

Akcie společnosti Steel Dynamics posilují o 4,1 % poté, co o víkendu zkrachovala obchodní jednání mezi USA a Kanadou. Daří se také výrobci oceli Nucor (+3,9 %). Obě firmy v minulém týdnu prudce oslabily v reakci na zprávy, že by obchodní dohoda mohla snížit cla na dovoz kanadské oceli a hliníku. Americký prezident Donald Trump dnes navíc slíbil, že od příštího roku zdvojnásobí cla na kanadská vozidla a autodíly, čímž dále vyhrotil prohlubující se obchodní spor mezi oběma ekonomikami.

Index S&P 500 -0,29 % na 7651,94 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Finanční sektor +1,3 % Informační technologie -1,6 % Nezbytná spotřeba +1,3 % Energie -0,5 % Základní materiály +0,9 % Průmysl -0,3 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Steel Dynamics (STLD) +4,1 % Sandisk Corp (SNDK) -10 % Carvana (CVNA) +4,0 % Lumentum Holdings (LITE) -7,9 % Nucor Corp (NUE) +3,9 % Coherent Corp (COHR) -7,8 % Walt Disney (DIS) +3,0 % Seagate Technology Holdings (STX) -7,7 % Ulta Beauty (ULTA) +3,0 % Western Digital Corp (WDC) -7,6 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

Echo45 Advisors LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 38.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,409 shares of the computer hardware maker’s stock after selling 4,636 shares during the quarter. NVIDIA comprises about 0.8% of Echo45 Advisors LLC’s portfolio, making the stock its 20th biggest position. Echo45 Advisors LLC’s holdings in NVIDIA were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in shares of NVIDIA by 1.2% during the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock valued at $184,911,111,000 after buying an additional 11,451,386 shares during the last quarter. Geode Capital Management LLC grew its position in shares of NVIDIA by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock worth $109,446,217,000 after buying an additional 3,383,441 shares during the last quarter. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $62,244,133,000. Bank of America Corp DE raised its stake in shares of NVIDIA by 2.1% during the 1st quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker’s stock worth $33,345,453,000 after acquiring an additional 4,019,505 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of NVIDIA by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after acquiring an additional 2,609,560 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 0.0% Shares of NVIDIA stock opened at $214.75 on Monday. The firm’s 50 day simple moving average is $207.47 and its two-hundred day simple moving average is $199.62. The firm has a market capitalization of $5.20 trillion, a price-to-earnings ratio of 32.89, a PEG ratio of 0.42 and a beta of 2.23. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued. Insider Activity In related news, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the sale, the director directly owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,901,125 shares of company stock valued at $410,583,015 over the last ninety days. 3.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets NVDA has been the subject of several recent analyst reports. BNP Paribas Exane raised their target price on shares of NVIDIA from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wedbush upped their price target on NVIDIA from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. HSBC reiterated a “buy” rating and set a $325.00 price objective (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Barclays restated an “overweight” rating on shares of NVIDIA in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their target price on NVIDIA from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $308.01.

Get Our Latest Stock Analysis on NVIDIA

NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: NVIDIA is reportedly in advanced talks to invest several hundred million dollars in Cloverleaf Infrastructure, a developer of U.S. data-center power and infrastructure. The move could help address the electricity bottleneck limiting AI capacity while strengthening NVIDIA’s role in projects that use its systems. Nvidia in Talks to Invest in Data-Center Power Developer Cloverleaf Infrastructure Positive Sentiment: Analyst support remains strong before earnings. BMO named NVIDIA its top semiconductor pick with a $340 price target, while Jefferies reportedly expects revenue to exceed consensus by roughly $3 billion. Consensus forecasts call for approximately $91 billion of quarterly revenue, supported by Blackwell and broader AI infrastructure demand. Nvidia stock dubbed top pick ahead of Q2 earnings Positive Sentiment: Reports that SpaceX is standardizing its AI infrastructure on NVIDIA chips reinforce the company’s competitive position and could support demand for its next-generation Vera Rubin platform. NVIDIA is also exploring a potential partnership or acquisition involving South Korean AI-chip designer Rebellions, indicating continued investment in its AI ecosystem. NVIDIA Could Snap up Korean AI Chip Startup Rebellions Neutral Sentiment: NVIDIA’s proposed investment in Cloverleaf follows other efforts to finance AI infrastructure and convert future GPU capacity into a financeable asset. The strategy could accelerate deployments, but it also exposes NVIDIA to capital-allocation and customer-financing risks. Nvidia Makes Another Bet on the AI Power Bottleneck Negative Sentiment: Investors are weighing possible competitive and product risks. NVIDIA is reportedly testing Rubin Ultra configurations with less high-bandwidth memory than originally planned, while Microsoft is preparing its own Maia 300 AI chip. These developments could raise questions about performance, supply availability and long-term customer diversification. NVIDIA and AMD: Rubin Ultra memory reports Negative Sentiment: NVIDIA denied a report that it plans small-batch shipments of a China-specific AI chip by year-end, removing a potential near-term catalyst. Analysts also say any renewed China H200 sales may have only a limited effect on revenue. Nvidia to ship AI chip for China by year-end Negative Sentiment: Higher Treasury yields and warnings from investors such as Michael Burry that AI data-center financing may be excessive are adding valuation pressure ahead of a high-expectation earnings event. NVIDIA Company Profile (Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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If you think Nvidia (NVDA -0.98%) has been a volatile stock in recent weeks, you might want to buckle your seat belts. The artificial intelligence (AI) bellwether will report its fiscal second-quarter results after the market close on Wednesday afternoon.

Nvidia shares will be on the move. It's not as simple as the shares moving higher if it's a good report or lower if it's not. Like many market relationships with battleground stocks, it's complicated. Let's go over the three things that Nvidia needs to get right this week.

Image source: Getty Images.

1. Accelerating revenue growth is just the first step Expectations are high for Nvidia stock heading into this week's big financial reveal. Analysts see revenue soaring 97% to $92.1 billion for its second quarter of what is now fiscal 2027, its biggest jump in two years. Momentum has been kind on the top line. This would be Nvidia's fourth consecutive quarter of accelerating year-over-year revenue growth.

Q2 FY 2026: 56% Q3 FY 2026: 63% Q4 FY 2026: 73% Q1 FY 2027: 85% Q2 FY 2027: 97% (est.) You would think that Wall Street pros are targeting triple-digit revenue gains for the current quarter, but that's not the case. Analysts see top-line growth decelerating to 82% for the current quarter (and 44% for all of fiscal 2028). Most companies would love to be growing at that clip, but after a year of stepping on the gas, the market's bracing for a slowdown. This is the first opportunity for Nvidia to deliver a positive surprise, coming through with a rosier outlook for its near-term performance.

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2. Snapping the earnings season curse Let's turn to the bottom line. Nvidia has been good at managing the market's earnings expectations. It's four for four in beating Wall Street's profit targets over the past year. The beats haven't been much, clocking in between 3% and 6% in the last four quarters. The victories may be small, but keep in mind that analysts have perpetually raised their income projections for Nvidia. In just the past month, five of them have raised their expectations for the quarter that will be announced this week.

I guess you're ready for the head-scratching chart I was waiting to spring on you. Here is Nvidia's stock performance over the past year. I've also added the dates when each of the four previous earnings reports came out. There are two unusual things I want to highlight for you.

The most jarring revelation is that the Nvidia shares have fallen in the days following each of its last four earnings reports. The downticks have continued for about a week or longer. The market has reacted this way despite the bottom-line beats, accelerating top-line growth, and increased guidance. This should give my fellow Nvidia investors pause heading into Wednesday afternoon's report, but I'm not worried.

The second revelation is that the stock has clawed its way back every time, trading higher by its next quarterly update. Unfortunately, that won't be the case this time around. Barring a rally through the first three trading days of this week, Nvidia will be lower this time than it was for its previous financial update. This might not be a bad thing. It could be the tempering of expectations that finally leads Nvidia to move initially higher on earnings news for the first time in more than a year.

3. Looking beyond financial results Nvidia investors have been treated to a 23% gain over the past year, barely ahead of the market. Smaller Nvidia competitors, memory plays, and other AI-related businesses have largely fared better. There is no denying that demand is booming, and that Nvidia is the leader. There are just supply chain constraints and other risks to the business that are outside of Nvidia's control.

Will the shortage of storage manufacturing or the growing resentment of data center build-outs slow Nvidia's ability to meet the spike in demand? Will investors turn on the surging capital expenditures that companies are budgeting for AI? Are circular financing deals to bankroll the growth a house of cards? The headwinds are there for the bearish picking, and every word that Nvidia CEO Jensen Huang doles out on Wednesday will be weighed.

I take comfort in knowing that Nvidia enters this week trading at a reasonable 24 times this fiscal year's earnings and 16 times next year's target. It's a good price for a great company that is growing substantially faster. The risks of the business slowing and margins contracting are real, but so is a future where Nvidia continues to climb the wall of worry to deliver a well-received financial performance for a change.

Apple (NASDAQ: AAPL | AAPL Price Prediction) and NVIDIA (NASDAQ: NVDA) both delivered fresh results into a market fixated on who controls the compute stack. NVIDIA reported Q1 FY2027 on May 20, while Apple posted Q3 FY2026 on July 30. One sells the picks and shovels of AI factories. The other owns the devices where inference will increasingly run. Both compete to control compute and win that competition differently. That split makes this comparison worth doing right now.

Blackwell Ramps While iPhone and Mac Refuse to Cool NVIDIA posted $81.61B in revenue, up 85.2% year over year, with Data Center at $75.25B (+92%) and Networking nearly tripling to $14.8B. Gross margin sat at 75%. Jensen Huang framed the moment bluntly: “Demand has gone parabolic… In the AI era, compute capacity is revenue and profits.” Blackwell shipped into every hyperscaler, and AWS alone is expected to add more than 1 million Blackwell and Rubin GPUs.

Apple told a quieter, broader story. Revenue hit $109.4 billion, up 16%, with iPhone at $54.3 billion (+22%), Mac up 29%, and Services at $30.7 billion. Tim Cook called it “our strongest June quarter ever” and positioned the Mac as “the ultimate AI powerhouse” for on-device inference.

Infrastructure Landlord Versus Ecosystem Landlord NVIDIA is building the AI factory. Apple is building the AI endpoint. That contrast shows up everywhere in the numbers.

Lens NVIDIA Apple Core Bet AI factories, Vera Rubin, agentic compute Siri AI, on-device inference, Services Gross Margin 75% around 47% Forward P/E 25x 32x Key Vulnerability China export limits, $145B supply commitments DRAM pricing, tariff exposure Cook admitted memory costs are punishing: “we’re in what I would characterize as a 100-year flood on the memory pricing.” That same DRAM squeeze is a tailwind for NVIDIA’s suppliers and a headwind for Apple’s bill of materials. The suppliers benefiting quietly, from power to networking to memory, are exactly the group we profiled in a free report on seven non-chipmaker AI plays.

Next Test: Vera Rubin and Siri AI For NVIDIA, the catalyst is the Vera Rubin ramp. Huang said “every single frontier model company will jump on Vera Rubin from the get go”, and the new Vera CPU opens a $200 billion TAM. For Apple, the swing factor is Siri AI’s public rollout. Cook said feedback has been “off the charts excited about Siri AI”, but EU availability and China approval remain unfinished.

NVIDIA for Growth, Apple for Ballast: The Setup For growth-focused investors, NVIDIA’s combination of 85.2% revenue growth at a 25x forward multiple stands out, and the token economics Huang described anchor one of the clearest cash-flow stories in tech. Apple’s 38.06% one-year return shows that owning the customer still matters, with a durable install base and a growing Services annuity. Memory pricing at flood-level territory remains a variable to watch for both names.

Contact [email protected] for any questions or corrections.

Dan Ives, partner and senior managing director at Yorkville Ives & Co., previews quarterly earnings from Nvidia as the company tells customers that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases. -------- More on Bloomberg Television and Markets Like this video?

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Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases with memory chip costs soaring. Bloomberg's Anthony Stephens breaks down what we know so far.

Tariffs are back in the mindset of investors after the U.S. imposed 50% tariffs on some Canadian exports. Canada followed up with retaliatory tariffs.

Every quarter, the most highly anticipated earnings report is announced. And every quarter leading up to that report, investors ask the same question: Should I buy Nvidia (NVDA -0.98%) stock before the quarterly update?

Earnings announcements can be huge catalysts for stocks. That's especially the case for a stock of the biggest company on the planet by market cap that's at the center of one of the biggest technologies ever.

Nvidia is scheduled to report its 2027 second-quarter earnings following the market close on Aug. 26. Will the stock soar after that key date? Here's what history shows.

Image source: Nvidia.

Great expectationsNvidia's guidance issued in May 2026 projected revenue of $91 billion, plus or minus 2%. If the company hits that mark, it will reflect year-over-year revenue growth of roughly 95%.

Wall Street is slightly more optimistic. The consensus Q2 revenue estimate is $92.07 billion. Analysts also expect Nvidia to post adjusted earnings per share of $2.09, up from $1.05 in the prior-year period.

Unsurprisingly, most of Nvidia's growth is likely to come from its data center business. The company's graphics processing units (GPUs) continue to enjoy tremendous demand to power artificial intelligence (AI) applications hosted in data centers.

Nvidia CEO Jensen Huang predicts that his company will generate a whopping $1 trillion in total sales between 2025 and the end of calendar year 2027 from its Blackwell and Rubin GPUs. And that number doesn't include any contributions from the Vera Rubin CPUs.

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An impressive -- and perhaps surprising -- recordBeating Wall Street expectations has been a piece of cake for Nvidia in the past. In fact, the company has topped analysts' estimates for an impressive 13 consecutive quarters.

Does this mean that Nvidia's stock rose after each of those earnings beats? Nope. Perhaps surprisingly, the GPU giant's share price has even fallen in some cases after handily exceeding earnings estimates.

One reason is that Wall Street often has "whisper numbers," which are unofficial real earnings expectations for a company. Nvidia can report quarterly earnings that are higher than the announced analysts' estimate but lower than the whisper number.

Another, perhaps even more important, factor is the guidance and commentary about near-term prospects that Nvidia gives in its quarterly updates. Investors are forward-looking. Nvidia can hit a home run with its quarterly results but still strike out if management talks about potential speed bumps ahead.

On the other hand, any hints of improving market opportunities can cause the GPU stock to rise following a quarterly update regardless of the numbers that it reports. A key factor to watch with Nvidia's Q2 results this week is its China sales. The company's guidance explicitly excludes any data center revenue from China. If Nvidia's executives provide reason for optimism about AI chip sales in the country, look for Nvidia's stock to pop after Wednesday.

The historical verdictWill Nvidia stock soar immediately after Aug. 26? My best guess, based on its historical track record, is that it won't.

For one thing, Nvidia's margin of beating Wall Street earnings estimates and its own guidance has declined over time. For example, the company posted earnings that were 22.8% above the midpoint of its guidance range in the second quarter of fiscal 2024. In fiscal 2027 Q1, Nvidia beat the consensus earnings estimate by around 5.5%.

Another concern for Nvidia relates to the growing apprehension about hyperscalers' AI infrastructure spending. Investors have become increasingly uneasy about the significant investments that cloud providers and other tech companies are making to expand their compute capacity. When the dynamics surrounding these AI companies are so murky, it makes things more difficult for Nvidia to overcome the negativity, regardless of how strong its Q2 results are.

I could be wrong, though. Nvidia could wow Wall Street with its upcoming quarterly update as it has at times in the past.

More importantly, whether or not Nvidia's shares soar after Aug. 26 doesn't matter in the big scheme of things. Investors who have held the stock over the long term have made a lot of money. I suspect that will continue to be the case no matter what Nvidia's Q2 results are.

Plus, Canada's Mark Carney puts his trade doctrine to the test, and a billionaire's seafood shack sparks a fight with Montauk locals.

24.8.2026 10:55

Přestože je hlavní výsledková sezóna za námi, tak tento týden nabídne řadu zajímavých reportů. Tuzemští investoři se zaměří na pololetní čísla pojišťovny VIG, zatímco celý svět bude sledovat středeční výsledky NVIDIE (po trhu). V indexu S&P 500 zveřejní tento týden výsledky celkem 18 společností. O poptávce po polovodičích napoví také čísla společnosti Marvell Technology, která minulý týden zaujala oznámením o rozšířené spolupráci s Googlem. Pod drobnohledem budou i čísla řady softwarových firem, u nichž panují obavy z dopadu AI na jejich byznys. Patří mezi ně například Salesforce, Intuit, Veeva Systems, Autodesk či Workday.

Přehled vybraných společností reportujících své výsledky v tomto týdnu (zdroj: síť X - Earnings Whispers)

Úterý (25. srpna) USA (před trhem): Dick's Sporting Goods

USA (po trhu): Intuit, Zoom Video Communications

Středa (26. srpna) ČR (před trhem): VIG

USA (před trhem): Williams-Sonoma, J. M. Smucker

USA (po trhu): NVIDIA, CrowdStrike Holdings, Salesforce, Synopsys, Agilent Technologies, Veeva Systems, Hewlett-Packard (HP), Everpure, Okta

Čtvrtek (27. srpna) USA (před trhem): Dollar General, Dollar Tree, Best Buy, Hormel Foods

USA (po trhu): Marvell Technology, Autodesk, Workday, Ulta Beauty, IREN

Jako každé čtvrtletí jsme pro vás připravili podrobný kalendář pro ČR, USA a eurozónu.

Zdroj: Bloomberg, Earnings Whispers

Michal Bárta
Fio banka, a.s.
Prohlášení