Nvidia earnings could expose cracks in the AI boom
After the conclusion of trading on Wednesday, August 26, Nvidia will announce the results of its second quarter, and these numbers will be significant for more than just its own share price. The results will also be monitored by a variety of chipmakers, cloud providers, and suppliers of equipment throughout the entire AI supply chain in order to try to assess whether the increased spending on the global infrastructure boom translates into actual orders for Nvidiaโs machinery.
According to the July announcement from Nvidiaโs investor relations team, the call will take place at 2 p.m. Pacific Time, and the results will be made public around 1:20 p.m.
Why does the whole AI market key off one report
Very few announcements about profits have this much importance for a whole sector. Chips from Nvidia are present in the data centers that are being developed by Microsoft, Alphabet, Amazon, Meta, and Oracle, which means that the sales figures of the company provide real-time information about how fast the expansion is taking place.
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