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Nvidia (NVDA) is set to release its second quarter earnings on August 28 after the market close. Consensus estimates from Bloomberg shows analysts expect revenue to come in at $28.8 billion and adjusted earnings per share of $0.65. With expectations high and much of Wall Street watching, can the tech giant live up to those expectations?
Technalysis Research President and chief analyst Bob O’Donnell joins Market Domination to discuss Nvidia’s upcoming earnings and what it can do for the market.
“I think all sense of rationality when it comes to Nvidia and Nvidia stock pricing has gone out the window. So at this point it’s completely a psychological game. I’m firmly convinced of that. So, you know, there’s a part of me that says almost no matter what they do, you’re going to see both extremes happening. In general. I think the numbers are going to be very good because we’re still very, very early in the days of AI infrastructure build out. And they are the key supplier for AI infrastructure,” says O’Donnell.
Watch the video above to hear what O’Donnell says about a potential delay in the tech giant’s Blackwell platform.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Nicholas Jacobino
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