Should You Buy Nvidia Stock Before Aug. 27? Wall Street Has a Compelling Answer

The most profound change in the tech landscape in recent memory comes courtesy of advancements in artificial intelligence (AI). These next-generation algorithms are being applied to a dizzying number of new use cases, but they require an extraordinary amount of computational horsepower.Arguably, the biggest beneficiary of this secular tailwind has been Nvidia (NASDAQ: NVDA). The company's graphics processing units (GPUs), which were pioneered to create lifelike images in video games, proved equally adept at providing the lightning-fast speeds necessary for AI training and inference. The explosive demand for Nvidia's AI chips has fueled the company's meteoric rise. Since the dawn of AI in early 2023, Nvidia stock has climbed a heady 1,140% (as of this writing), turning the company into the de facto poster child for AI.Nvidia has a lot riding on its second quarter financial results, which are scheduled to be released after the market closes on Aug. 27. Heading into this critical report, let's look at recent developments, what Wall Street is saying, and what investors can expect.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool