Should You Buy Nvidia Stock Before Aug. 27?

Nvidia (NASDAQ: NVDA) will release its financial results for its fiscal 2026 second quarter (ended July 30) on Aug. 27, which will give investors a valuable update on its booming data center business. This is where the company accounts for sales of its graphics processing units (GPUs), which are the most sought-after chips in the world for artificial intelligence (AI) development.Some of Nvidia's biggest customers recently announced increases to their planned capital expenditures (capex) for this calendar year, as they race to build more AI data centers to meet growing demand for computing capacity. This is likely to show up in the chip giant's financial results going forward, which could be a massive tailwind for its stock price.Nvidia stock is already up 1,150% since the start of 2023, which is when the AI revolution really started gathering momentum. But it probably isn't too late to buy, because the upcoming earnings report on Aug. 27 could be a catalyst for further upside.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool