Prediction: Nvidia Stock Will Go Parabolic After Aug. 26. Here Are 2.3 Trillion Reasons Why
The huge revenue backlogs of major U.S. hyperscalers could help Nvidia crush expectations when it releases its quarterly results.
Overview
Nvidia (NASDAQ:NVDA) is all set to release its fiscal 2027 second-quarter results (for the three months ended July 26) after the market closes on Aug. 26.
The market will be eagerly awaiting the artificial intelligence (AI) bellwether's numbers and outlook, as they will provide clarity about the state of the AI market. It is worth noting that Nvidia stock has underperformed the broader semiconductor sector this year. The PHLX Semiconductor Sector index's 63% gains in 2026 are way ahead of the 21% jump in Nvidia's stock price this year.
Details
However, a closer look at the earnings reports of the major U.S. hyperscalers suggests that this semiconductor stock could get a huge shot in the arm when it releases its quarterly report on Aug. 26.
Source
Originally published at www.fool.com.
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