Nvidia (NVDA) has seen its stock surge over 160% year-to-date, setting the stage for potential volatility as the chipmaker prepares to release its second-quarter earnings report on Wednesday, August 28. With Nvidia’s stock having rebounded from early August sell-offs, investors are keenly watching to see whether the company’s performance will sustain its upward momentum or signal a plateau.
In an exclusive interview with the Morning Brief team, Ruben Roy, managing director and applied technology analyst at Stifel, shared his perspective on Nvidia’s position in the artificial intelligence (AI) sector and the implications of delays in its Blackwell chip shipments.
“We absolutely think this is still the best way to play AI,” Roy asserted. He emphasized that Nvidia’s role extends beyond merely providing computing power for AI applications. “Nvidia has established a comprehensive ecosystem around AI that includes networking software and increasingly sophisticated AI models. Over the years, Nvidia has been at the forefront of developing these technologies, and we don’t see any other company matching its level of competitiveness.”
As Nvidia prepares for its earnings report, the market will be closely examining the company’s financials and any updates on its technology pipeline. With its dominant position in AI and its extensive ecosystem, Nvidia remains a key player in the evolving landscape of artificial intelligence.
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