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Nvidia projected 70% revenue growth in fiscal 2028, lifting chip stocks and broader market sentiment on Thursday
Photo Illustration by Matteo Della Torre/NurPhoto via Getty Images
Nvidia $NVDA stock climbed roughly 7% on Thursday after the chipmaker's second-quarter revenue more than doubled and it projected 70% revenue growth in its fiscal 2028 year, lifting chip stocks and pushing the major indexes higher.
The Nasdaq $NDAQ Composite finished up 0.8%, the S&P 500 closed 0.4% higher, and the Dow Jones Industrial Average edged up approximately 35 points, equivalent to a 0.1% gain.
