Nvidia Enters Strong Seasonal Period Ahead of Key Earnings Report

Nvidia is entering August with historically strong seasonal performance, having gained in about 80% of the past 20 years' August periods.

The stock is currently testing a critical technical support at its 200-day EMA near $191, a level that has previously attracted buyers and led to rallies.

Investors are eyeing Nvidia's fiscal Q2 2027 earnings report on August 26, with revenue guidance around $91 billion and expectations for continued growth driven by AI infrastructure demand.