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Investing.com -- The moment the market has been holding its breath for is finally upon us. Tomorrow, after the market closes, AI powerhouse Nvidia (NASDAQ:NVDA) is set to report its fiscal Q226 earnings amid conflicting signals.
On the one hand, rising US export curbs due to high commercial tensions with China, as well as dwindling sales in the country, could weigh on the stock. On the other hand, however, a fairly low expectation in comparison to past quarters will likely leave the giant’s top and bottom lines within reach.
Against the volatile backdrop, we turned to our proprietary AI model for stock picking - available exclusively for InvestingPro members for less than $9 a month - for clues on whether it might be time to buy the stock ahead of its bombastic earnings report.
In fact, those who followed our AI’s picks since its launch in 2023 notched a game-changing 226.7% gain on Nvidia stock alone in the period that spanned from November 2023 to December 2024.
The stock was then dropped from our AI’s list in December and hasn’t been picked by the AI again since.
During that period, our AI flagged other buys instead, which helped our users notch a massive 126.46% since launch, more than doubling their money in less than two years and outpacing the broader S&P 500 by 87.67%.
Just in August, our AI model picked two 50% winners, and more than ten 20%+ winners with an amazing 75% hit rate. To wit:
- ViaSat Inc (NASDAQ:VSAT): +84.50% in August ALONE.
- Sapiens: +60.04% in August ALONE.
- Unitedhealth Group (NYSE:UNH): +29.29% in August ALONE.
Just to name a few...
Now, with Nvidia earnings set for release tomorrow, our AI’s answer to whether this is the right time to buy the stock is not yet, for Nvidia is not part of our latest list of stock picks for August.
*Already an InvestingPro member? See the full selection of stock picks for August here.
Still not a member? Then here’s your FINAL chance to subscribe for up to 50% off for a limited time only during our exclusive summer sale. Hurry up; prices will come back to normal over the next few days.
Does this mean that the stock will not do well in its earnings?
Well, not necessarily. What it really implies is that, according to a compilation of more than 150 investment-grade models, our AI found 15 other better bets for the month based on their fundamentals and chose them instead, signaling a better risk-return proposition for these stocks.
With the list for September on its way in just a few days, a good report on the fundamental side could also turn our AI model’s favor to the stock again.
Pro members get these picks first, with notifications on the first trading day of each month.
But how does our AI model actually work?
At the start of each month, our AI refreshes each strategy with up to 20 stock picks. These selections are based on a blend of more than 150 well-established financial models.
Some stocks are added, others stay on, and a few are dropped, reflecting how the AI evaluates their medium-term growth potential.
Performance is then tracked using equal weighting across all the stocks in the strategy. You don’t have to mirror that weighting exactly, but it gives a clear picture of how effective the model is at identifying opportunity across the board.
At the end of the day, stock picking is still a game of probabilities. But the key isn’t just finding winners—it’s knowing when to move on from the ones that no longer stack up.
Since launch, the model has done just that—delivering more than a few standout success stories along the way.
In fact, our backtests suggest that investors who follow the strategies over the long run will get even better results. See below:
Source: ProPicks AI
This means a $100K principal in our strategy would have turned into an eye-popping $2,168,000 by now.
Subscribe for up to 50% off for a limited time only during our exclusive summer sale. Hurry up; prices will come back to normal over the next few days.