Nvidia’s Strong Performance and Upcoming Earnings Report
Nvidia (NASDAQ: NVDA) shares have surged approximately 30% year-to-date, driven by strong demand for its AI hardware. The company will report its fiscal second-quarter earnings on August 27, which could further influence its stock performance.
Despite experiencing a significant setback due to export restrictions that led to a $4.5 billion charge in Q1, Nvidia’s China business is recovering, with orders for 300,000 H20 graphics processing units (GPUs) expected to boost sales. The company previously sold around 1 million H20 chips in 2024, indicating strong potential for future growth as global data center demand expands.
Investors should focus on Nvidia’s quarterly data center growth, which has shown a recent slowdown to around 10% but may improve if the China sales disruption proves to be temporary. This will be a key metric to gauge Nvidia’s ongoing growth trajectory.
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