Since Monday, August 17, stocks of Nvidia Corporation have been extending gains actively. The stocks have already gained 5.06%.
Most likely, the advance was driven by the company's report, which predicted $1.62B revenue during fiscal second quarter. The final data is set to be released on Wednesday.
Note that since 2010, Nvidia has reported quarterly earnings lower-than-expected only three times. Therefore, investors are looking forward for stocks to continue to extend gains.