Nvidia Rallies on Guidance for 70% Growth Next Year
Dow Jones06:12
1812 ET - A modest dip in Nvidia's stock price after the company's second-quarter earnings release turned into a gain during the company's earnings call, as it issues guidance for roughly 70% revenue growth in fiscal 2028. CEO Jensen Huang says the decision to guide a year in advance, a first for Nvidia, stems from improved visibility with both customers and suppliers, as well as a desire to increase transparency across the AI landscape. "Even though our demand is much greater than 70%, our supply allows us to confidently deliver 70%," Huang says. Shares are up 4.5% to $219.09 after-hours.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments