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Nvidia Q2 earnings preview: Will it reverse the tide in the ailing AI trade?
$NVIDIA (NVDA.US)$ is set to announce its Q2 financial results on August 28. As of the close on August 19, Nvidia was up 4.35%, marking a si Show More
$NVIDIA (NVDA.US)$ is set to announce its Q2 financial results on August 28. As of the close on August 19, Nvidia was up 4.35%, marking a six-day consecutive rebound with cumulative gains exceeding 24%. Recently, market confidence has rebounded, with chip stocks warming up. $Advanced Micro Devices (AMD.US)$ has seen a cumulative increase of over 10% in three days, and the $PHLX Semiconductor Index (.SOX.US)$ has rebounded by more than 18% since the beginning of August.

Despite potential supply chain challenges, analysts predict that expectations are for strong revenue growth driven by AI, gaming, and data center demand. Also, Goldman Sachs maintains Nvidia at a Conviction Buy rating with a steady stock target.

🎙️Discussion
1. How do you adjust your strategy before Nvidia's earnings release?
2. Do you think Nvidia's earnings this time will continue the upward trend?
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