Reported about 2 months ago
As Nvidia (NASDAQ: NVDA) prepares to announce its fiscal second quarter earnings after hours on August 28, attention is heightened due to its pivotal role in the AI revolution. Despite concerns of a potential AI bubble, demand for Nvidia's GPUs remains strong, highlighted by positive remarks from CEOs like Elon Musk and Mark Zuckerberg about infrastructure investments in AI. Analysts expect revenue to soar by 90% year-over-year, suggesting a promising outlook for Nvidia's performance. While investor sentiment leans towards optimism, any stock movements post-report will depend on how results align with expectations.
Source: YAHOO