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Nvidia shares posted their steepest one-day jump since April 2025 after the chipmaker forecast about 70% revenue growth in fiscal 2028, reassuring investors that AI demand remains strong. The rally added $442 billion to the company's market value, the second-largest one-day gain by any stock in history.
The move followed blowout second-quarter results and helped the Nasdaq outperform peers at the close as Nvidia's revenue outlook fueled gains in tech stocks.
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Key sources
- SOURCE@business“which reassured investors that growth related to AI remains in full swing.”x.com
- SUPPORT@wsj“their steepest one-day jump since April 2025.”x.com
- SUPPORT@business“Nvidia promises even more growth.”x.com
- SUPPORT@reuters“The Nasdaq outperformed peers at the close”x.com
- SOURCE@polymarket“driven by continued surging demand for AI computing”x.com
- SUPPORT@photoncap“Q3 revenue guidance of $108B was above the $104.2B consensus, despite assuming zero Data Center compute revenue from China”x.com
- SUPPORT@kalshi“its "largest ever" in a single day”x.com
- SUPPORT@julientechinvst“Demand is greater than 70%, but we already secured to grow 70%”x.com