Prediction: Nvidia's Shares Will Fall for a 5th Consecutive Quarter After Reporting Earnings on Aug. 26
Nvidia's stock has a dubious post-earnings track record, fueled by investors' lofty expectations.
Overview
Although the peak of earnings season -- the six-week period in which most S&P 500 companies report their quarterly operating results -- is in the rearview mirror, what's arguably the most important earnings report of the entire quarter is set to be unveiled after the closing bell tomorrow, Aug. 26.
Wall Street's largest public company, Nvidia (NASDAQ: NVDA), is set to lift the hood on its fiscal second-quarter operating results. Given that Nvidia's graphics processing units (GPUs) are the backbone of the artificial intelligence (AI) data center build-out, the company's sales, profits, margins, and guidance have a significant bearing on this game-changing technology.
Details
While Nvidia should deliver another outstanding report on Aug. 26, the stars appear to be aligning for yet another pullback.
Source
Originally published at www.fool.com.