August 20th -Nvidia's August 27 quarterly report exists as the next major catalyst for investors, Wedbush analysts say artificial intelligence use cases continue to expand. The company says the market is near the start of a multi-year AI infrastructure build-out and considers the results as reminders of that cycle.
Analyst consensus expects Nvidia 
NVDA We report earnings per share of approximately $1.01 with revenue of approximately $45.92 billion.
Nvidia has joined other high-beta technical names, including Palantir 
pltr and amd 
AMDThe recent pullbacks have framed as a typical profit gain rather than a structural change. The bank says it will drive much of its near $350 billion short-term AI capital expenditure this year, as large U.S. tech companies are allocating more companies and governments to budget for AI projects.
Wedbush calls out Core AI winners and pullback purchase opportunities for Ives AI 30 components. This should benefit from a wider range of companies' recruitment. Skepticism can persist and short-term volatility can occur, but Wedbush expects the high-tech cycle to remain intact for several years as chips, software and infrastructure spending continues. Analysts will watch guidance and capital plans for signs of durability.
