NVIDIA to Report Q2 Earnings Later in August—Crypto Prediction Market Wagers on NVDA Closing Above $250 by Month-End

Even as NVIDIA Corp.’s (NASDAQ:NVDA) shares surge in August, cryptocurrency punters remain skeptical that the stock will finish the month at or above $250.

Polymarket Wagers on NVDA

The betting crowd on Polygon (CRYPTO: POL)-based Polymarket currently assigns only a 9% chance to the possibility, down from 50% a month ago.

The odds of NVDA ending above $260 also remained at 9%. Punters put the odds at 62% for a close above $210 on Aug. 31, and 87% for a close above $190. The prediction market was pricing a 99% probability that the stock would close above $140.

The stock closed at $200.75 on the last trading day in July, and has gained 8.34% month-to-date. It closed at $223.96 last week, but has since retraced.

Nvidia’s Earnings on Deck

NVIDIA, often viewed as the definitive gauge of AI sector, is set to release its second-quarter results later on Aug. 26, making the month pivotal for the stock.

Analysts expect the company to report earnings per share of $2.07, up nearly 100% year-over-year. The firm is expected to report revenue of $91.82 billion, a 96% increase from the same quarter last year.

Investors are waiting to see if earnings beat expectations, and whether that catalyst is enough to push shares higher.

The stock carries a consensus “Buy” rating from 30 analysts, with an average price target of $313 and a third-quarter target of $323.

Price Action: NVIDIA shares rose 0.25% in after-hours trading after closing 0.02% lower at $217.50 during Tuesday’s regular trading session, according to data from Benzinga Pro. Year-to-date, the stock has rised 16.64%.

Benzinga Edge Stock Rankings indicate that NVDA maintains a stronger price trend across short-, medium-, and long-term timeframes, supported by elevated Value and Growth scores.

Photo: Blossom Stock Studio / Shutterstock