Nvidia (NASDAQ:NVDA) investors apparently needed to hear management speak before deciding what they thought about Wednesday’s earnings. Shares initially slipped after the fiscal second-quarter report arrived, despite results and guidance topping Wall Street’s forecasts. The mood changed once Nvidia’s earnings call began, with the stock climbing from there and now sitting about 4.5% higher in after-hours trading.
Perhaps the biggest reason came when CFO Colette Kress looked beyond the next few quarters and discussed Nvidia’s longer-term trajectory. Management expects fiscal 2028 revenue to grow about 70% year-over-year, far above the 45% increase Wall Street expected. Kress said demand remains broad among cloud providers and leading AI labs, while supply continues struggling to keep pace with customer orders.
Investors received another encouraging update regarding Vera Rubin, Nvidia’s next-generation computing platform succeeding Grace Blackwell. The platform is now ramping into full production, with systems running at partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius. That progress gives Nvidia another growth engine as customers require greater computing capacity for training, reasoning, inference, and agentic workloads.
