Nvidia's Stock Rallies Ahead of Earnings Report Amid High Expectations

Nvidia Corp., the leading supplier of artificial intelligence chips, has seen its stock rally 6.6% over the past five days as investors await its Aug. 26 earnings report.

The recent surge in the stock price has raised expectations for Nvidia's results, and Goldman Sachs analyst James Schneider warns that this could lead to a sell-the-news reaction if the company posts another solid quarter.

According to JPMorgan estimates, Nvidia captures approximately 26% of capital spending by major cloud operators such as Alphabet, Amazon, Meta, Microsoft, and Oracle, which are expected to spend about $733 billion in 2026, up from earlier forecasts.