Shares of Nvidia (NVDA) are rebounding ahead of its highly anticipated second-quarter results, scheduled for release on August 28th. T. Rowe Price Science & Technology Equity Strategy Portfolio Manager Tony Wang joins Morning Brief to discuss Nvidia and the broader AI outlook in the markets.

Wang highlights that investors will be focused on two key aspects in Nvidia's upcoming earnings report: the evolution of demand and the release of its new product, Blackwell. He emphasizes the importance of new product innovation, stating, "That really is a jump in performance and extends Nvidia's leadership." He adds that this product transition could "unlock new demand" moving forward.

Regarding the broader market's involvement in the AI trade, Wang notes, "Most tech companies are pretty in on AI, and I think right now we're looking at how do those returns evolve and how to think about the sustainability here."

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This post was written by Angel Smith