Nvidia Earnings Report Set to Drive Stock Amid US Market Rally

The US stock market saw gains on August 21, 2026, with the Nasdaq 100 index breaking its five-day losing streak. The S&P 500 rose by 0.4%, the Nasdaq 100 increased by 0.3%, and the Dow Jones climbed 0.6%. One of the key drivers behind this uptick was the anticipation surrounding Nvidia's upcoming earnings report.

Nvidia, a leading developer of graphics processing units (GPUs), is set to release its earnings on next Wednesday. The company has been a focal point for investors due to its crucial role in the semiconductor industry, particularly with the rise of artificial intelligence and gaming applications. With a market capitalization of approximately $5.22 billion, Nvidia's innovative approach and software platform Cuda for AI model development position it as a key player in the tech landscape.

According to GuruFocus, Nvidia is currently undervalued by approximately 44.1%, with its GF Value calculated at $384.95 compared to its current price of $215.38. This substantial margin of safety suggests that investors may have an opportunity to acquire shares at a favorable price relative to their intrinsic value.