---
title: "Nvidia's (NVDA) Q2 Earnings Could Make the Stock Look Even Cheaper"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296493686.md"
description: "Nvidia (NVDA) reports Q2 earnings on August 26. Analysts suggest strong AI demand and potential upward revisions to earnings estimates could make the stock's current valuation appear cheaper, despite it being the world's most valuable company. While shares have tracked the broader market this year rather than surging like other AI infrastructure peers, the bullish case remains intact due to healthy technicals and room for estimate growth ahead of the report."
datetime: "2026-08-20T12:35:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296493686.md)
  - [en](https://longbridge.com/en/news/296493686.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296493686.md)
generator: "portal-rs"
---

# Nvidia's (NVDA) Q2 Earnings Could Make the Stock Look Even Cheaper

Nvidia (NVDA) is set to report Q2 earnings on August 26, and it could make the stock look even cheaper. That may sound odd for the world's most valuable company, but the setup is pretty straightforward. If Nvidia once again pushes earnings expectations higher, today's valuation could quickly look less demanding without any multiple expansion.

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That's where the bull case for Nvidia, the leader in accelerated computing and artificial intelligence (AI), starts to click. Triple-digit earnings growth has almost become the baseline. AI demand remains red hot, and hyperscaler spending is still moving higher. Yet Nvidia has not really traded like the clear leader of the AI pack this year. With the valuation still looking reasonable, estimates having room to move higher, and the technical setup remaining healthy, I stay bullish on NVDA ahead of earnings.

## **Nvidia Has Made Huge Growth Look Ordinary**

Nvidia's performance so far this year has not quite lived up to its position as the leading company in the AI trade. Shares have performed well, but roughly in line with the broader market. That is far more modest than other infrastructure names like SanDisk (SNDK), Dell (DELL), or Micron (MU), which rank among the S&P 500's (SPX) top performers this year with massive triple-digit gains.

### Related Stocks

- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
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## Related News & Research

- [Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside](https://longbridge.com/en/news/296688005.md)
- [IREN Just Passed Its Biggest AI Test as Microsoft and Nvidia Bet Billions](https://longbridge.com/en/news/296533962.md)
- [What Nvidia's $500 billion Wall Street deal signals about the AI boom](https://longbridge.com/en/news/296063112.md)
- [BUZZ-Nvidia guarantees OpenAI data center; shares up](https://longbridge.com/en/news/296131970.md)
- [Groq raises $350 million at a $3.5 billion valuation after Nvidia deal](https://longbridge.com/en/news/296132903.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**