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Nvidia's fiscal second-quarter revenue more than doubled and topped forecasts by its largest margin in two years, lifting chip stocks broadly
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Nasdaq $NDAQ-100 futures climbed 1% on Thursday, propelled by Nvidia $NVDA's 7% premarket surge after the chipmaker delivered a blowout earnings report, pulling chip stocks upward across the U.S., Europe, and Asia.
Nvidia reported that its fiscal second-quarter revenue more than doubled, clearing analyst forecasts by the widest gap the company has posted in two years, the company said. For its 2028 fiscal year, Nvidia said it expects 70% revenue growth.
