This week is a make-or-break moment for the artificial intelligence chip sector. Nvidia (NVDA) will post results on Wednesday, August 28, after the markets close. Options trading implies an 8% price swing.
NVDA stock will have an impact on Taiwan Semiconductor (TSM), Micron (MU), and Tesla (TSLA) trading action.
Nvidia ignited an AI stock rally in the last quarter when it exceeded the most bullish forecast. Markets expect the GPU chip producer of AI servers to beat expectations. Chances are high that Nvidia will post strong GPU sales in both the AI and the gaming market. The firm has a commanding lead in PC gaming. For example, a shortage of fast-performing memory limits 4070 GPU sales. In response, the firm will release the 4070 graphics card with slower memory speed specifications. It will charge the same price.
That same day, CrowdStrike (CRWD) will host a conference call to review its financial results. Management should give shareholders more insight into the financial impact of the global outage it caused.
On Thursday, Dell Technologies (DELL), Autodesk (ADSK), and Best Buy (BBY) will post results.
On Friday, the MSCI equity index changes should help Embraer (ERJ), Ibotta (IBTA), and Reddit (RDDT) shares. The index is adding these stocks.
Related Stories
