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While the Q2 earnings season is past its peak, markets are still eagerly awaiting the quarterly report of Nvidia (NVDA), which is set to release its fiscal Q2 2024 earnings this Wednesday, Aug. 23 after the close.
There's an incredible amount of euphoria around Nvidia's upcoming earnings – and it is not without a reason. Much of the U.S. stock rally in 2023 has been driven by optimism over artificial intelligence (AI), and Nvidia is among the companies which are immediate beneficiaries of increased AI spending - and is, in some ways, a bellwether of the industry.