Top 4 Catalysts for NVIDIA Stock Price in August 2025

NVIDIA stock price pulled back by over two percent on the first day of August as traders started to book profits after its strong performance since April. This article highlights some of the top catalysts that may drive the NVDA stock in August.

AMD Quarterly Earnings

The NVIDIA stock price rose earlier this week as its biggest clients like Amazon, Microsoft, and Meta Platforms published strong results and pointed to more data center spending. Microsoft pledged to spend $30 billion this quarter.

Altogether, these companies are expected to spend $400 billion in data centers this year. This spending will benefit NVIDIA, which is the biggest supplier of GPUs to data centers.

The next important report will come out on August 5 when AMD publishes its results. NVIDIA investors closely watch AMD’s results because they provide insight into data center GPU demand. Also, they provide more color on whether the company’s Radeon GPUs are taking market share from NVIDIA.

The most recent results showed that AMD’s data center revenue jumped by 57% to $3.6 billion, while NVIDIA’s segment rose by 10% to $39.1 billion. This means AMD has taken a nearly 10% market share in the sector.

NVIDIA earnings

The main catalyst for the NVIDIA stock price in August will be its earnings, which are scheduled for August 27. These results will provide more color on the company’s performance and its insights on demand.

The most recent results revealed that NVIDIA’s revenue jumped by 69% in Q1 to $44 billion, while its net income soared to $18.7 billion. As a result, the company’s guidance was that its Q2 revenue would be $45 billion, a drop due to Donald Trump’s decision to ban H2O chip shipments to China.

NVIDIA stock will also react to its progress in the gaming industry. After years of slowing down, the segment’s revenue rebounded by 48% in Q1 as demand for its GeForce RTX 5070 and RTX 5060 rose.

Most importantly, the NVIDIA share price will be affected by its forward guidance for the third quarter now that the US has allowed it to ship its chips to China. Yahoo Finance data show that the average estimate for Q3 revenue is $48.50 billion, a 48% increase from Q3 ’24.

Better-than-expected results will push the NVDA stock price higher, potentially pushing its market capitalization above $5 trillion for the first time.

China Security Review and Trade Deal With the US

The other catalyst for the NVDIA stock price is the ongoing review by Chinese authorities about the security of its products.

According to Reuters, Chinese authorities are concerned that the company’s GPUs may have backdoors allowing US authorities to spy. The regulator has also summoned management to discuss this.

In a note, the company insisted that it does not have such backdoors. If a Chinese government review finds that the backdoor exists, it may ban its H20 chips, affecting its growth.

At the same time, the stock will be driven by a potential trade deal between the US and China. A solid trade deal between the two countries will be bullish for the shares.

NVIDIA Stock Price Technicals

Finally, technicals will also have an impact on the NVIDIA share price. The weekly chart shows that the stock has formed a doji candlestick pattern characterized by a small body and upper and lower shadows.

This pattern often leads to a bearish reversal because it signals that an asset’s price opened and closed at the same level. The stock has also moved to the overbought level as the Relative Strength Index (RSI) has jumped to 70.

Therefore, the most likely scenario is where the NVDA stock price retreats, retests the support at $152, and resumes the uptrend. That price action is a break-and-retest and is one of the most common bullish continuation signs.