Nvidia Stock: Last Chance to Buy Cheaply Before Earnings Report

Nvidia's stock has been a disappointment for some investors in 2026, but it's still beating the broader market's 12% rise. Despite this, the growth thesis continues, and Nvidia is reporting strong results so far.

On August 26th, Nvidia will report its fiscal 2027 second-quarter earnings, which could be a catalyst for a significant rally in the stock price. The current valuation of Nvidia's stock is attractive, making it a good time to consider buying.

Nvidia's stock is cheap compared to its peers, with a trailing P/E ratio lower than Advanced Micro Devices', Broadcom's, and Marvell Technology's. Even when considering forward earnings growth projections, Nvidia remains the cheapest stock among these companies.