Nvidia reports its fiscal second-quarter results on Wednesday, Aug. 26, and Wall Street has rarely watched a single number so closely. BeInCrypto frames the stakes as "$92 billion in sales on the line," and says analysts are split on whether the AI trade can hold. The WSJ, in a piece syndicated by Livemint, puts it more bluntly: when CEO Jensen Huang steps to the mic, what he says will "preview the future of AI" and shape a stock market — and an American economy — increasingly tethered to AI hopes.
The earnings arrive alongside a second story. According to reports carried by the New York Post, Yahoo Finance and Bloomberg, Nvidia has notified customers of price increases above 15% on servers built around its AI chips, with the hikes taking effect on systems shipped early next year and affecting flagship Vera Rubin and Grace Blackwell products. The Post reports the driver is surging memory costs; KED Global and Businesskorea say the same memory crunch cuts both ways, lifting suppliers Samsung and SK hynix. A Stocktwits report notes Microsoft, Google and Oracle — all operators of huge Nvidia-powered data centers — have told their own customers about the increases. 36Kr estimates a 15% hike could add roughly $5 billion in cost to a one-gigawatt data center.
The mood going in is unsettled. Reuters reported Asian shares were flat ahead of the results and Iran sanctions news; Yahoo Finance Canada noted Wall Street closed higher as tech rebounded beforehand. Analysts disagree sharply: Goldman Sachs reiterated a buy, Morningstar expects a "beat-and-raise" quarter, and BofA argues the stock may be 34–50% undervalued with a $350 target — while The Motley Fool predicts shares fall for a fifth straight quarter after earnings.
It matters because Nvidia's chips now sit under most of the AI economy, so a price hike quietly raises the cost of building AI for everyone downstream.