Prediction: These 2 Growth Stocks Could Start Soaring After Nvidia's Quarterly Earnings on Aug. 28
Nvidia (NASDAQ: NVDA) is set to release its fiscal 2025 second-quarter results (for the three months ended July 28) on Aug. 28. The market is eagerly looking forward to the chip giant's numbers, considering that it is playing a pioneering role in the proliferation of artificial intelligence (AI).
While there have been concerns of late about Nvidia's ability to sustain its AI-fueled growth, a closer look at recent developments indicates that the company could indeed deliver better-than-expected results. The demand for Nvidia's graphics cards has been exceeding supply, and its share of the market for AI graphics processing units (GPUs) is so strong that analysts are expecting its outstanding growth to continue beyond the current fiscal year.
More importantly, a solid set of results from Nvidia will give the AI ecosystem a nice lift, as its GPUs are the critical building blocks for companies looking to build and deploy AI applications. This article takes a closer look at two names that are key players in the AI market and likely to benefit from Nvidia's impressive results because of their ties to the company.
Source Fool.com