NVIDIA is gearing up to report its Q2 earnings, expected to show a 53.2% year-over-year revenue increase to $46.03 billion. The company’s EPS is projected to rise by 47.1% to $1.00, driven by strong demand for its Blackwell Ultra GPUs and the lifting of export restrictions to China, potentially boosting sales to $8 billion. With data center spending on the rise, NVIDIA’s stock is poised for long-term growth, making it a hold for current investors and an attractive buy for new investors awaiting Q2 results. Other tech giants like Alphabet, Meta Platforms, Amazon, and Microsoft are also increasing their data center capex, indicating a positive trend for NVIDIA’s future performance.

Read more at Nasdaq: NVIDIA to Post Q2 Earnings: Buy, Hold, or Take Profits?