History Says This Is What Happens to Nvidia Stock in September
Fall is around the corner, which might require investors to reset their expectations.
Overview
During its fiscal 2027 second quarter (ended July 26), Nvidia (NASDAQ: NVDA) reported a year-over-year revenue gain of 106% to $96.2 billion. Diluted earnings per share soared 128% to $2.46. These two headline figures came in ahead of Wall Street estimates. Shares are up 8% since the announcement (as of Aug. 28).
Nvidia remains the dominant artificial intelligence (AI) enterprise. And the latest numbers support the claim that demand for its data center chips isn't softening. Investors that were bearish have lost out on big gains.
Details
But history says that the month of September could be a down period for this AI stock.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.