Nvidia Rarely Issues Early Earnings Guidance for the Next Fiscal Year, Projecting Approximately 70% Revenue Growth, Far Exceeding Market Expectations
Nvidia (NVDA) posted better-than-expected second-quarter fiscal 2027 results in Wednesday’s after-hours US trading, but the numbers failed to sway some high-expectation investors, sending its shares down 3% in extended trading. CFO Colette Kress followed up with bullish comments during an analyst call, projecting the company’s fiscal 2028 revenue would grow roughly 70%, versus analysts’ prior consensus estimate of 44%. Kress noted: “Incredibly, even at our current scale, demand is accelerating. Customer forecasts show growth will double next year. However, as I mentioned earlier, due to supply constraints, we expect growth of around 70%.” Nvidia CEO Jensen Huang added that the company has never provided earnings guidance a year in advance, and actual demand growth has surpassed 70%. While demand growth is approaching 100%, the 70% figure is based on the firm’s current supply capacity. Without supply limits, Nvidia’s fiscal 2028 outlook would be “much higher”. Nvidia’s shares later rose as much as 5% in after-hours trading.
4 minutes ago
South Korea’s KOSPI index rose 2.5% at the start of trading, with SK Hynix up 5%.
According to Bitget data, South Korea's KOSPI index rose 2.5% at the start of trading, SK Hynix gained 5%, and Samsung Electronics rose 3%.
4 minutes ago
NVIDIA's better-than-expected earnings report drove a post-market rally for AI concept stocks, with NBIS rising over 6% and NVDA gaining more than 4%.
According to BIT (bit.com) market data, after Wednesday’s US stock after-hours session, Nvidia’s latest quarterly results continued to beat market expectations, with the company projecting its next fiscal year revenue to grow around 70%, driving AI-related stocks higher in after-hours trading. The storage sector rallied across the board: SK Hynix (SKHY) rose 4.48%, SanDisk (SNDK) gained 3.71%, Micron Technology (MU) climbed 3.67%, Seagate Technology (STX) advanced 3.15%, and Western Digital (WDC) added 3.11%. The Neocloud sector saw broad gains: Nebius (NBIS) jumped 6.27%, CoreWeave (CRWV) rose 4.76%, Applied Digital (APLD) gained 3.26%, while IREN and Core Scientific (CORZ) each climbed 3.16%. Optical communication stocks rallied across the board: Applied Optoelectronics (AAOI) rose 4.25%, Marvell Technology (MRVL) gained 4.08%, Credo (CRDO) climbed 3.78%, Coherent (COHR) advanced 3.35%, and Astera Labs (ALAB) added 3.34%. Semiconductor stocks also strengthened in tandem: Arm rose 4.18%, Marvell Technology and Nvidia (NVDA) each gained 4.08%, Lam Research (LRCX) climbed 2.65%, and KLA Corporation (KLAC) advanced 2.42%.
4 minutes ago
Amid Donald Trump’s renewed impeachment efforts, Federal Reserve Governor Lisa Cook has again denied misconduct.
Fed Governor Lisa Cook has again denied unsubstantiated mortgage fraud allegations repeatedly raised by former President Donald Trump, who is considering reviving efforts to oust her—a move that would likely spark another fierce legal battle over the Federal Reserve’s independence. In a letter to the White House on Wednesday, Cook’s lawyers called the allegations “baseless and untrue,” stating: “Governor Cook has never committed mortgage fraud or any intentional misconduct, and there is no legal basis for her removal from the Federal Reserve Board.” (Jin10)
4 minutes ago
U.S. stocks closed, with optical communication, storage, and semiconductor stocks rallying, while Neocloud-related stocks fell across the board; LITE rose over 6% and IREN dropped more than 6%.
According to BIT (bit.com) market data, U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially down 0.2%, the S&P 500 index falling 0.02%, and the Nasdaq down 0.08%. Most optical communication stocks rose, including Lumentum (LITE) up 6.04%, Ciena (CIEN) up 4.26%, Corning (GLW) up 3.81%, Astera Labs (ALAB) up 2.71%, and Coherent (COHR) up 2.09%. Most storage sector stocks strengthened, with Western Digital (WDC) up 4.02%, Seagate Technology (STX) up 3.01%, SanDisk (SNDK) up 1.26%, and Micron Technology (MU) up 0.58%. Most semiconductor stocks rose: Arm gained 3.93%, Marvell Technology (MRVL) and Qualcomm (QCOM) each rose 1.97%, Intel (INTC) up 0.87%; NVIDIA (NVDA) fell 1.59%. The Neocloud sector declined across the board, with IREN down 6.23%, Nebius (NBIS) down 3.62%, Core Scientific (CORZ) down 3.38%, and TeraWulf (WULF) down 2.14%.
4 minutes ago
Jensen Huang: AI has reached an inflection point, and computing power is revenue.
NVIDIA CEO Jensen Huang commented in the company’s quarterly report that artificial intelligence (AI) has reached an inflection point. AI is now delivering truly useful work, with the tokens it generates driving productivity and profits. Today, computing power equals revenue, and demand is accelerating. This time last year, AI infrastructure development was primarily driven by a single AI lab. Today, we are in a golden age for new AI labs and startups. Multiple leading AI labs are scaling up simultaneously, the open model ecosystem is thriving, and physical AI is also moving toward practical application. The U.S. and the global market are both maintaining strong momentum. AI infrastructure development is advancing at full speed. Vera Rubin, which has now entered full production, was built precisely for this moment.
4 minutes ago