Prediction: Nvidia Stock Is Going to Soar After Aug. 27

Nvidia (NASDAQ: NVDA) stock has soared by 1,100% since the beginning of 2023, which is when the artificial intelligence (AI) revolution really started to gather momentum. It's now the largest company in the entire world thanks to its market capitalization of $4.3 trillion, but I think its stock still has room for upside.Nvidia supplies the world's most powerful graphics processing units (GPUs) for data centers, which have become the gold standard for AI development. Tech giants like Alphabet and Meta Platforms recently told shareholders they plan to spend more on AI data center infrastructure this year than originally anticipated, and they are among the chipmaker's largest customers.Nvidia is scheduled to release its financial results for its fiscal 2026 second quarter (ended July 30) on Aug. 27. Here's why I think the report could be a catalyst for more upside in its stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool