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.
