Nvidia shares surged on Thursday after the company’s revenue guidance reassured investors that demand for AI technology remains robust.
The stock was last up 7.2% in premarket trading, indicating optimism among investors.
This positive sentiment suggests Nvidia may avoid the typical decline seen in its stock the day after earnings reports over the past four quarters, despite consistently meeting or surpassing expectations.
Following Nvidia’s earnings, chip stocks broadly advanced, with Micron rising 4.5%, Marvell up 5.7%, Arm gaining 4.7%, Intel increasing 3%, and AMD climbing 1.7%.
Shares of cloud-focused companies also saw gains, with Nebius up around 7.5% and CoreWeave rising about 6% in premarket trading.
Nvidia’s CFO, Colette Kress, stated that the company anticipates a 70% revenue growth for fiscal 2028, which spans from February 2027 to January 2028.
CEO Jensen Huang noted that demand is “much greater than 70%,” but supply constraints are limiting the company’s ability to meet this demand.
Source (CNBC)
