Shares of Nvidia Corp. (NASDAQ:NVDA) climbed 7.41% during Thursday’s pre-market trading session, following the company’s robust revenue guidance after strong second-quarter results.
At the same time, shares of Micron Technology Inc. (NASDAQ:MU), Intel Corp. (NASDAQ:INTC), Advanced Micro Devices Inc. (NASDAQ:AMD) and Broadcom Inc. (NASDAQ:AVGO) climbed 4.44%, 2.82%, 1.73%, and 1.85%, respectively.
Nvidia’s CFO, Colette Kress, stated on Wednesday that the company projected a revenue growth of 70% for fiscal 2028, spanning from February 2027 to January 2028.
CEO Jensen Huang mentioned that the demand is “much greater than 70%,” but the company’s capacity to supply products is presently restricted. Nvidia’s key manufacturer, Taiwan Semiconductor Manufacturing Co Ltd. (NYSE:TSM), is still dealing with supply constraints, and memory chips, a vital part of Nvidia’s systems, continue to be in short supply.
Huang added that Nvidia has “never forecasted” a year in advance, but now the company has “a lot greater visibility” across the supply chain, allowing it to do so.
