NVDA sees fiscal 2028 revenues rising about 70%, but supply limits and higher memory costs loom as AI infrastructure demand runs even hotter.
Nvidia shares soared over 7% on Thursday after the chipmaker's longer-term revenue outlook reassured investors that demand for artificial intelligence infrastructure remains strong despite concerns over spending, financing and competition. The rally could also help Nvidia break a recent pattern.
Nvidia has said it is optimizing its hardware for Chinese open AI models, including those made by DeepSeek and Alibaba. U.S. lawmakers have grown increasingly anxious about growing adoption of Chinese models, which have made leaps in capability this year.
The AI infrastructure boom is entering a new phase. Spending is no longer being limited primarily by whether companies want more computing power, but by how quickly the industry can build it.
NVIDIA just delivered one of the most staggering quarters in corporate history, yet the stock trades as if Wall Street missed the memo.
Investors still want in on AI—or, at least, Nvidia's piece of it.
NVIDIA's 70% growth outlook reinforces the AI boom, benefiting ETFs targeting generative AI, quantum computing, robotics and next-gen software.
NVIDIA NASDAQ: NVDA just cleared the bar, and then some. On Wednesday, Aug. 26, the AI chip leader reported blowout results, with revenue of $96.2 billion and data center sales up 117% year over year.
Shares of Nvidia Corp (NASDAQ:NVDA) are up 5.8% at $221.80, after the chip giant reported blockbuster second-quarter results and issued a strong annual revenue forecast that reinforced confidence in artificial intelligence (AI) demand.
A major player in 2020s tech hardware is pulling up some index funds today, it seems. The iShares Semiconductor ETF (NASDAQ:SOXX) is up 2% to $527 Thursday morning as semiconductor names react to NVIDIA's post-earnings surge.
Nvidia's data center customer list is changing fast, and the new buyers look nothing like the hyperscalers who built the company's dominance.
NVIDIA TodayNVDANVIDIA$209.66 -3.39 (-1.59%) As of 08/26/2026 04:00 PM Eastern52-Week Range$164.07▼$236.54Dividend Yield0.48%P/E Ratio32.11Price Target$317.44Add to WatchlistNVIDIA's NASDAQ: NVDA Q2 fiscal year 2027 (FY2027) results extend the trend, which says a lot for a company whose size and growth make others pale in comparison. After a high-double-digit Q1 FY2027, the Q2 results reflect an acceleration driven by an ecosystem of AI labs, hyperscalers, and supercomputers, pointing to sustained, long-term growth and strength in upcoming quarters.