Nvidia (NVDA) ended the recent trading session at $206.64, demonstrating a +2.93% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 1.48%. Elsewhere, the Dow gained 1.32%, while the tech-heavy Nasdaq added 2.13%.

Coming into today, shares of the maker of graphics chips for gaming and artificial intelligence had gained 3.04% in the past month. In that same time, the Computer and Technology sector lost 5.75%, while the S&P 500 gained 0.19%.

Analysts and investors alike will be keeping a close eye on the performance of Nvidia in its upcoming earnings disclosure. The company's earnings report is set to go public on August 26, 2026. The company's earnings per share (EPS) are projected to be $2.09, reflecting a 99.05% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $91.71 billion, up 96.2% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.09 per share and revenue of $387.19 billion, indicating changes of +90.57% and +79.3%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Nvidia. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.52% increase. Right now, Nvidia possesses a Zacks Rank of #1 (Strong Buy).

With respect to valuation, Nvidia is currently being traded at a Forward P/E ratio of 22.09. This denotes a discount relative to the industry average Forward P/E of 40.3.

One should further note that NVDA currently holds a PEG ratio of 0.38. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - General industry currently had an average PEG ratio of 0.74 as of yesterday's close.

The Semiconductor - General industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 9, finds itself in the top 4% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Beyond Nvidia: AI's Second Wave Is Here

The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

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This article originally published on Zacks Investment Research (zacks.com).

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