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Nvidia Nears Buy Point Ahead of Fiscal Q2 Earnings Report

Guavy AI Editorial Team
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NVDA
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Nvidia is nearing its buy point ahead of its fiscal Q2 earnings report.

The IBD Stock Of The Day, Nvidia (NVDA) has been rising steadily in recent days and is now just a few points shy of breaking out of a cup-with-handle base with a 183.20 buy point.

Nvidia's earnings report is expected on August 25, but investors will be keeping a close eye on the company's performance as it competes for market share in the rapidly growing field of artificial intelligence and graphics processing units.

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