Nvidia Stock Price May Surge After Earnings Report
Nvidia's stock has been a disappointment for some investors in 2026, but recent results suggest the growth thesis continues. Despite beating the broader market's 12% rise with a 15% increase, the stock isn't outperforming as it did in previous years.
This makes now a great time to consider buying, especially since Nvidia reports its fiscal 2027 second-quarter results on August 26. The company is valued at an attractive level heading into earnings, which could result in a strong rally following the report.
Nvidia's stock price is up compared to its peers Advanced Micro Devices (AMD), Broadcom (AVGO), and Marvell Technology (MRVL). In terms of valuation, Nvidia has the lowest trailing price-to-earnings (P/E) ratio among these companies. However, when looking at forward P/E ratios that account for growth projections, Nvidia is still relatively cheap.