According to Cointelegraph, Nvidia will release its second-quarter earnings report on August 28, which is called the most important event for Wall Street and the US economy this year. Its stock has risen by about 2,872% in the past decade and more than 165% in the past 12 months.
Nvidia set revenue records in the first two quarters, with a market value of $3.162 trillion, briefly surpassing Apple and Microsoft to become the world's most valuable company. Q1 revenue was $26 billion, and Q2 revenue is expected to be $28 billion. Wall Street hopes to reach $29 billion.
Nvidia has a major presence in the AI market, with its GPUs being the industry standard hardware for training large language models. This earnings report could determine the fate of the AI industry in the coming quarters.
Analysts will also be watching Nvidia’s third-quarter revenue forecast and the launch of its next-generation AI chip, “Blackwell.” CEO Jensen Huang is expected to respond to reports of hardware delays and their impact on revenue.