3 Reasons to Buy Nvidia Stock Before August 28
Nvidia (NASDAQ: NVDA) is all set to release its fiscal 2025 second-quarter results (for the three months ended July 28) on Aug. 28, and analysts expect another quarter of outstanding growth from the company.
More specifically, LSEG Data & Analytics is forecasting Nvidia's revenue to increase by 112% on a year-over-year basis to $28.6 billion. That's slightly higher than the midpoint of Nvidia's revenue guidance range of $28 billion for Q2. However, LSEG data indicates that Nvidia's adjusted gross margin may have dropped from fiscal Q1 due to the company's investments in ramping up production capacity.
If that's accurate, Nvidia's gross margin would fall below its guidance of 75.5% for fiscal Q2. Now, a slip by Nvidia in its quarterly performance or the accompanying guidance could send its shares tumbling. If that's indeed the case, it may be a good idea for savvy investors to buy this semiconductor bellwether.
Source Fool.com
