Nvidia's stellar results and 70% growth forecast ignite rally
Nvidia's shares jumped 7.63% in after-hours trading following its fiscal second-quarter report, which showed revenue of $96.2 billion—up 106% year over year and above analyst expectations of $92.2 billion. The company also issued a rare forward-looking statement, projecting a 70% revenue increase for fiscal 2028, a figure that surprised analysts and drove the market's enthusiastic reaction. The strong performance is attributed to sustained demand for its AI chips.
Related stories
Nvidia smashes earnings expectations with $96B quarter, sees accelerating AI demand · Corporate earnings
Nvidia issues first long-range revenue outlook, projecting 70% jump for fiscal 2028 · Corporate earnings
Nvidia Chief's Dinner Dates Move Markets, Yet Supply Limits Cap Growth · Corporate earnings
Nvidia commits $18 billion to AI investments for remainder of fiscal year · Corporate earnings
This summary is AI-generated and original to Mobble; the linked article is the authoritative source.
Original headline: “Nvidia stock up 7.63% overnight after blockbuster earnings call: ‘I think the whole market was like, ‘Whoa,’ analyst says.” Browse more stories.