Some analysts are calling this the biggest event of the year for the US economy.
Nvidia is finally set to reveal its second quarter earnings after the market closes on Wednesday, Aug. 28. A flurry of analyst activity and investor predictions has led to this being referred to as the most important event for Wall Street and the US economy of the year.
Nvidia’s rise in value over the past few years has most commonly been described by pundits as meteoric. Over the past decade its stock has risen about 2,872%. And in the past 12 months it’s risen more than 165%.
The company’s past two quarters have demonstrated record breaking revenue amid an all-time high market capitalization of $3.162 trillion. It even briefly became the world’s most valuable company by market capitalization ahead of Apple and Microsoft in June.
