Dan Ives, an analyst at Wedbush Securities, said the market is underappreciating NVIDIA's "on-premise AI" business, which has already generated $9 billion in revenue and is poised to expand its total addressable market. NVIDIA is set to report its second-fiscal-quarter earnings on Wednesday, August 26, 2026, and Ives believes the report will need to provide strong third-quarter guidance, confirmation of Vera Rubin chip shipments, and demand information supporting $1 trillion in Blackwell chip revenue visibility through 2027.