Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

The stock has gone on a parabolic run since hitting a 52-week low in April this year, and it seems primed for more upside following its upcoming earnings report.

Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) fell 3.5% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.