Nvidia Beat Earnings Estimates Again (15 Times Straight). History Says the Stock Will Do This Next.
Nvidia stock could drop in September as investors fret about the sustainability of AI spending.
Overview
Nvidia (NASDAQ: NVDA) on Aug. 26 reported strong financial results for the second quarter of fiscal 2027, which ended in July. Revenue increased 106% and adjusted earnings increased 120%, driven by robust demand for artificial intelligence (AI) infrastructure.
Wall Street had been looking for 87% revenue growth and 108% adjusted earnings growth, meaning Nvidia once again beat estimates on the top and bottom lines. History says this will happen next.
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Originally published at www.fool.com.
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