This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA) is back in the spotlight with earnings coming up on August 27, and Wedbush thinks the report could be the next big spark for the stock. Analysts there say the AI story is still in the second inning of a nine-inning game, with plenty of growth left as more companies and governments pile into the spending boom.
Warning! GuruFocus has detected 7 Warning Signs with AMD.
The Street expects Nvidia to deliver $1.01 a share on $45.9 billion in revenue. That would underscore just how much demand has surged for its chips as Big Tech pours nearly $350 billion into AI capex this year. Wedbush argues the cavalry is still coming, with enterprises worldwide only starting to step up their AI budgets.
Even after Nvidia, Palantir (NASDAQ:PLTR), and AMD (NASDAQ:AMD) sold off Tuesday in a round of profit-taking, Wedbush called the dip a buying chance. They see trillions of dollars in AI infrastructure, software, and power spend fueling the tech bull cycle for at least another two to three years volatility or not.
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Nvidia Earnings Seen as Next Big AI Spark
Published 2 months ago
Aug 20, 2025 at 6:34 PM
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