Nvidia's stock has rallied about 12% in two weeks ahead of its Aug. 26 earnings, leaving it only about 5% below its 52-week high and raising the risk of a sell-the-news reaction even if results are strong. Goldman Sachs analyst James Schneider expects a solid quarter with meaningful upside to guidance, but cautions the bar is elevated given the recent move and strong demand datapoints including positive 2026 capex revisions from US hyperscalers. Wall Street consensus forecasts revenue near $92 billion, a roughly 96% year-over-year jump, and earnings per share of $2.08, nearly double last year. Schneider says the stock can continue to re-rate if Nvidia shows improving profitability metrics at hyperscalers, measured capital outlays for customer financing, and reiteration of strong capital returns.
