Nvidia (NVDA) stock is inching lower ahead of the artificial intelligence (AI) chip leader’s fiscal Q2 earnings, scheduled to be released after the market closes on Aug. 26. Consensus is for the semiconductor behemoth to record $2.01 in earnings per share (EPS) — more than double the figure it posted for the same quarter last year.
Despite a recent pullback, Nvidia shares remain up nearly 15% versus the start of this year.