NVIDIA Corp. (NASDAQ:NVDA) stock is trading up more than 7% in Thursday’s premarket session as investors react to the company’s quarterly results and upbeat commentary on AI demand. The move follows a double beat and management’s message that the AI infrastructure buildout is “at full steam.”
The Big Tech giant reported second-quarter revenue of $96.22 billion (versus $92.18 billion expected) and adjusted EPS of $2.22 (versus $2.10 expected), with gross margin at 75.0%. CEO Jensen Huang said “demand is accelerating,” and pointed to Vera Rubin ramping into full production with partners.
NVIDIA also guided third-quarter revenue to a range of $105.84 billion to $110.16 billion and said it ended the quarter with $99.0 billion remaining under its share repurchase authorization.
The company remains central to the AI investment story, but experts differ on how much upside investors should expect as growth expectations rise, competition expands and markets demand clearer returns from massive AI spending.
Moorhead Says NVIDIA Remains The AI Bellwether
