Investors who put $1,000 into Nvidia (NASDAQ: NVDA) stock two months ago have gained about $109 ahead of the company’s highly anticipated earnings release.
Notably, Nvidia shares rose from $192 on June 26 to $213 by press time on August 26, delivering an 11% return despite recent volatility in the stock.
At the current price, a $1,000 investment made on June 26 would now be worth approximately $1,109. The gain comes as Nvidia prepares to report fiscal second-quarter results after the market closes today, August 26, an event that could determine the stock’s next major move.
The recent advance is particularly notable given that Nvidia entered earnings week under pressure.
The technology giant had fallen for seven consecutive sessions, shedding roughly 7.5% before rebounding.
As things stand, Wall Street is expecting another strong quarter from the AI chipmaker. For the fiscal second quarter ended in late July, Nvidia guided for revenue of $91 billion, plus or minus 2%, and a non-GAAP gross margin of approximately 75%.
Analysts expect revenue closer to $92 billion, nearly double the level reported a year ago. Adjusted earnings are projected to come in at about $2.09 per share.
Next investor focus for Nvidia stock
Investors will be focused on management’s outlook for the current quarter, with consensus estimates calling for roughly $104 billion in third-quarter revenue. Any guidance above that level could provide a fresh catalyst for the stock.
The market will also be watching for updates on the Blackwell rollout and early contributions from Nvidia’s next-generation Rubin architecture, both of which are expected to play a key role in the company’s long-term growth strategy.
Another closely watched issue is China, where Nvidia continues to assume virtually no data-center compute revenue from the country, meaning any improvement in that market would represent an additional upside opportunity.
Despite Nvidia’s strong rally over the past several years, Wall Street remains overwhelmingly bullish on the stock and expects the company to maintain its leadership position in the AI space.
While some large technology companies have faced questions about whether massive artificial intelligence spending will generate sufficient returns, Nvidia has remained one of the primary beneficiaries of the global AI infrastructure buildout.
Meanwhile, broader factors such as Treasury yield movements, geopolitical developments, and expectations surrounding Federal Reserve policy have also influenced recent trading.
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