Nvidia is expected to report its fiscal second-quarter earnings on Aug. 26, and the article predicts CEO Jensen Huang will shock Wall Street by exceeding expectations. Nvidia has a track record of outperforming its guidance; for Q1, which ended April 26, it guided $78 billion in revenue but delivered nearly $82 billion. For Q2, the company guided $91 billion in revenue, while Wall Street analysts project an average of $91.9 billion. The article suggests Nvidia could report revenue of nearly $95 billion, which would allow it to claim it doubled its revenue year over year. The stock currently trades at a low-20s forward price-to-earnings (P/E) ratio, whereas by August it normally trades for more than 35 times forward earnings. The author believes the market is discounting continued AI data center construction, which would support Nvidia's growth. If Nvidia reports a blowout quarter, the stock could rise to 30 times forward earnings, potentially nearly doubling. The article advises investors to take a position while the stock is still cheap, citing language from AI hyperscalers indicating multiple strong years of growth ahead.