Which AI Stocks Should You Buy Before Earnings?

If you follow the markets at all right now, you already know the question everyone is asking: which AI stocks should I buy before earnings? It’s the kind of question that tends to surface at 11 p.m., right after you’ve closed your trading platform for the night but can’t stop thinking about tomorrow’s moves. The AI earnings season is upon us, and the stakes feel unusually high this time around.

The tech industry is heading into one of its most significant earnings seasons in recent memory . After 18 months of massive investment in artificial intelligence infrastructure, investors are shifting their focus from the “if” to the “when” — when will all this spending actually translate into sustainable profits? . The market’s mood is palpable. The Nasdaq has been moving largely sideways since early June, masking a quiet rotation beneath the surface rather than a full retreat from risk . Investors are no longer buying every AI story; they’re getting selective.

Heading into the current earnings reports, the consensus expectation for S&P 500 earnings growth is around 27% year over year, driven largely by the AI buildout . That’s a high bar. Semiconductor stocks, among the biggest beneficiaries of the AI boom, rallied strongly through much of the second quarter before pulling back in early July . Even some of the “Magnificent Seven” have retreated from their highs — Microsoft, Alphabet, and Amazon all trading below their earlier peaks .

So, which AI stocks deserve a closer look ahead of earnings? Let’s break down a few names that analysts are watching closely.

Nvidia: The Bellwether

Nvidia remains the anchor of the entire AI trade. The company is set to release its earnings soon, and analysts at Oppenheimer are reiterating an Outperform rating with a $265 price target ahead of the report . The firm expects upside driven by Blackwell Ultra and next-generation VR200 ramp . They’re projecting over $1 trillion in revenue from Nvidia’s AI accelerator lines from 2025 through 2027 .

The big question heading into earnings isn’t whether Nvidia will beat — it’s whether the guidance can sustain the narrative. Street estimates for the October quarter are around $104 billion, and analysts expect at least a $1-2 billion beat . But the real focus will be on Jensen Huang’s outlook into 2027. If that guidance underwhelms, it could affect the entire AI trade because the whole ecosystem hinges on Nvidia’s trajectory .

Dell Technologies: The Hardware Winner

Dell has been a massive beneficiary of AI infrastructure spending. The stock has surged over 260% year to date, and it’s still trading about 10% below its all-time high . For Q2, Dell is expected to report revenue of roughly $45.34 billion — that’s 52% year-over-year growth . More importantly, Dell’s AI server revenue hit $16.1 billion in the most recent quarter, up 757% year over year, with an order backlog sitting at $51.3 billion .

Analysts are watching Dell closely because it’s one of the most direct hardware plays on the AI buildout. Citi and Bank of America both have Buy ratings and raised their price targets to $600, implying about 41% upside from recent levels . The company has already raised its full-year guidance, now expecting $25.50 per share on $192 billion in revenue for fiscal 2027 — well above consensus estimates .

Oracle: The Cloud Challenger

Oracle is emerging as a formidable player in the AI infrastructure race. The company ended its fiscal Q2 with remaining performance obligations of $523 billion, up 433% year over year . That’s a staggering number — it means Oracle has over half a trillion dollars in contracted revenue waiting to be recognized. In that quarter alone, Oracle added $68 billion in new contracts, including deals with Meta and Nvidia .

Oracle’s cloud infrastructure revenue rose 66% to $4.1 billion, with GPU-related revenue surging 177% . Ahead of earnings, analysts are watching two key metrics: OCI (Oracle Cloud Infrastructure) growth — whether those backlog AI orders are converting to revenue — and whether aggressive capital spending will eat into margins . HSBC has identified Oracle among 11 U.S. stocks positioned to outperform during earnings season, citing strong competitive advantages and AI tailwinds .

The Bigger Picture

What makes this earnings season different isn’t just the numbers — it’s the narrative shift. Investors are no longer asking whether AI will transform business. They’re asking whether the returns will justify the cost . Combined capital expenditure by Microsoft, Alphabet, Meta, and Amazon is expected to exceed $650 billion in 2026 — an astonishing figure . AI revenues are growing rapidly, but the infrastructure required to produce them is expanding even faster .

This is where the real trading challenge comes in. You’re sitting there, tracking these stocks, monitoring pre-market moves, watching for earnings reactions. But if you’re like most retail traders, you’re also trying to manage positions across multiple platforms while keeping an eye on the market. It’s the kind of moment where having your trading terminal always visible isn’t always practical — especially when you’re trying to focus on the charts or waiting for a specific earnings release.

That’s where a tool like Camovia Tray becomes genuinely useful. It’s designed to turn your MT5 or MT4 into a tray tool — so you can check live quotes and manage positions right from the system tray without keeping the full terminal open . If you’re following an AI stock and want to see its price movement at a glance without pulling up the entire platform, just hover over the tray icon . If you’re holding positions that you want to monitor or close quickly during earnings season, the floating order panel shows your open positions — symbol, direction, size, entry price, and P&L — and lets you close them with a couple of clicks .

It’s not about making trading decisions for you. It’s about removing friction from the process so you can focus on what matters — like figuring out which AI stocks to buy before earnings. The data stays on your local machine, so you’re not worrying about information leaving your computer . And if you need to step away or just want to keep your trading activity private, you can hide the main terminal window completely or disguise the tray icon .

The Bottom Line

If you’re trying to decide which AI stocks to buy before earnings, the consensus from analysts points to names with clear exposure to the AI infrastructure buildout — Nvidia for the chip side, Dell for hardware, and Oracle for cloud infrastructure. But the broader earnings season is a test of whether AI profitability can catch up with AI spending . The next few weeks will provide important clues about which companies are truly positioned to benefit — and which are just riding the hype.

Just make sure you’re positioned in a way that lets you stay on top of your portfolio without getting overwhelmed by the noise.