Nvidia Earnings Preview: BMO Executive Warns of Needed AI Trade Shift

Nvidia is set to report its fiscal Q2 results on August 26, 2026, after a clean setup that has the sell-side consensus tightly aligned with expectations. The market's anticipation of a beat is already priced in by Polymarket bettors at 0.975.

Kristin Milchanowski, Chief AI and Quantum Officer at BMO Financial Group, shared her thoughts on CNBC's Squawk on the Street earlier that day. She highlighted the need for the AI trade to shift its focus from use cases to scalability across the industry in 2027, with a specific hope that 'we move away from use cases'.

Milchanowski emphasized that this change is long overdue, citing three years of pilots and various use cases without scaled deployments. She also stressed the importance of shifting towards business value, where return on investment can be clearly attributed.