Nvidia's Earnings Report Looms: Will Shares Rally or Trade Sideways?

Nvidia's upcoming earnings report on August 26 has investors wondering whether to buy shares now or wait. The major AI hyperscalers have already reported their numbers, and all of them are allocating significant capital expenditures to expand their AI infrastructure.

This is good news for Nvidia, as it remains the primary supplier of data center GPUs and is deepening its position in CPUs, networking gear, and full-stack AI systems. Wall Street expects Nvidia's revenue to be around $91.8 billion, with a range spanning $90.3 billion to $96.7 billion.

Historically, Nvidia stock has traded sideways after reporting earnings, with the immediate post-earnings reaction often being neutral or negative in the short term. However, the long-term trajectory has remained upward.