Prediction: Nvidia Won't Be Able to Live Up to Wall Street's Sky-High Expectations on Aug. 27

Arguably the most important data release of the entire third quarter is just days away. Following the closing bell on Wednesday, Aug. 27, Wall Street's largest publicly traded company, and the innovative leader fueling the evolution of artificial intelligence (AI), Nvidia (NASDAQ: NVDA), will report its fiscal second-quarter operating results (its fiscal year ends in late January).No technological advancement has been hotter on Wall Street than AI. Empowering software and systems with AI so they can make split-second decisions and grow more efficient over time without human intervention is a game changer that can accelerate growth in most industries around the globe. In Sizing the Prize, analysts at PwC pegged the economic impact of AI at $15.7 trillion come 2030.While an approximately 1,100% increase in Nvidia's stock since the start of 2023 signals that the company is firing on all cylinders, a case can be made that the face of the AI revolution is priced for perfection in a market and trend that are anything but perfect. Despite its near-parabolic ascent, Nvidia will likely struggle to live up to Wall Street's sky-high expectations on Aug. 27.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool