Nvidia will report fiscal Q2 earnings on Aug. 27, with a strong stock rebound, hitting a new high of $184.48 on Aug. 12. Shares surged 38% in the past three months, outpacing the S&P 500’s 10% gain. A positive outlook is expected due to dominance in AI and resumption of chip sales to China.

Nvidia’s technical indicators suggest room for growth, with the RSI at 58.44, showing potential for more gains. The options market expects a 5.7% post-earnings move. Despite strong results, Nvidia’s stock dropped after three of the last four earnings reports.

The upcoming Q2 financials are expected to be strong, driven by data center compute product demand. In Q1, revenue reached $44 billion, with Data Center sales up 73% to $39 billion. Blackwell GPUs are a key growth catalyst, contributing significantly to Data Center compute revenue.

Nvidia’s Networking business saw revenue rise to $5 billion in Q1, driven by technologies like NVLink and Spectrum-X. Gaming unit recorded record revenue of $3.8 billion, while Automotive revenue surged 72% YoY. Management forecasts Q2 revenue of about $45 billion with modest growth across platforms.

Analysts project Q2 earnings of $0.94 per share, a 44.6% YoY increase. With 83% of analysts rating the stock a “Strong Buy,” Nvidia is poised for growth. Despite strong recent performance, there is potential for further upside, driven by Blackwell GPUs and diverse revenue streams.

Read more at Yahoo Finance: Nvidia Could Raise Its Full-Year Outlook on August 27. Should You Buy NVDA Stock First?