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Markets · Investing · Business
Finance
Prediction: Nvidia Stock Is Going to Soar After Aug. 26
Nvidia looks like a bargain heading into its upcoming quarterly earnings event.
Nvidia(NASDAQ: NVDA) supplies the world's most sought-after graphics processing units (GPUs) for data centers, which are the primary chips used in artificial intelligence (AI) training and inference workloads. Sales have been so strong that the company's market capitalization has ballooned from $360 billion to $5.4 trillion since the AI boom started gathering steam in early 2023.
Nvidia is scheduled to release its operating results for its fiscal 2027 second quarter (ended July 31), on Aug. 26, and all signs point to another blowout report. Its stock looks inexpensive right now, so here's why I predict it will soar in the aftermath.
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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.
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