Should you Buy Or Fear Nvidia stock? For event-driven traders, historical trends might provide an advantage, whether by positioning prior to earnings or responding to post-release movements. That said,

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

Nvidia stock (NASDAQ: NVDA) continue to trade in red on Thursday even as the Wall Street analysts raised their price target ahead of the Q2 earnings. UBS just bumped up its price target for Nvidia, raising it from $175 to $205.

Commerce Secretary Howard Lutnick told CNBC the U.S. government wants a stake in Intel in exchange for CHIPS Act grant money promised under Biden.

CoreWeave projects full-year revenue growth of 174% this year, as it is proving to be one of the fastest-growing AI stocks to buy right now. For investors, it could possess a lot of upsides, as it benefits from strong demand for Nvidia's chips and the ongoing need for greater computing capabilities as a result of AI.

Nvidia will release its quarterly results after the market closes on Aug. 27. The chip giant is likely to exceed analysts' expectations thanks to recent developments. Nvidia could end up delivering solid guidance as well, and that could give the stock's rally a nice shot in the arm.

Fed chief Powell's dovish speech triggered a big Friday rally, with the S&P 500 and Dow Jones hitting new highs and several stocks flashing buy signals. Nvidia earnings loom.

Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter.