Nvidia's AI Boom Is Still Accelerating. Its Revenue Could Soon Leave Apple And Google Behind.
Nvidia said AI demand could lift fiscal 2028 revenue to about $673 billion, with data-center sales and new financing deals expanding growth beyond hyperscalers.
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The Dow Jones rose 0.20%, the Nasdaq index—which tracks the major players in the technology sector—gained 1.57%, and the broader S&P 500 index added 0.72%. A barometer of artificial intelligence (AI) momentum for the markets, Nvidia announced Wednesday evening that it posted a net profit of $59.7 billion in the second quarter, a 126% year-over-year increase. "Next year is going to be huge," said Jensen Huang, the group's CEO, adding that "deman…
Nvidia shares rally 5% after stellar Q2; revenue guidance for 2028 tops analyst estimates
Nvidia shares jumped 5% in extended trading on Wednesday after the chipmaker reported stellar Q2 results and forecast 70% revenue growth for FY28. The guidance topped analyst expectations, while strong AI demand continued to drive optimism despite memory shortages and margin pressures.
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