ToplineNvidia shares jumped almost 10% to nearly $230 on Thursday, as investors reacted to blowout second-quarter earnings and a forecast for substantial AI-driven growth through its next fiscal year. Sign with logo at headquarters of NVIDIA in the Silicon Valley, Santa Clara, California, November 6, 2025. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesKey FactsNvidia shares rose more than 9.6% to around $292.82 as of just after 1 p.m. EDT on Thursday afternoon, sharpening a rally after they jumped about 7% in the first hour of trading. The rally pushed the market capitalization of the world’s most valuable company back above the $5.5 trillion mark.The company reported $96.2 billion in second-quarter revenue on Wednesday, up 106% from a year earlier and above the $92.2 billion analysts forecasted.Nvidia forecast $108 billion in third-quarter revenue, plus or minus 2%, and management said it expects about 70% revenue growth in fiscal year 2028.KEY BACKGROUNDNvidia beat Wall Street’s revenue predictions for its second-quarter earnings on Wednesday, while the $2.22 it reported in adjusted earnings per share also topped estimates of $2.09. The company’s data center business generated $89 billion, accounting for a vast majority of its sales, and management forecast $108 billion in revenue for the current quarter, above analysts’ prediction. FORBES VALUATION Nvidia’s rally today lifted CEO Jensen Huang’s personal fortune, with his net worth rising over $15 billion, pushing him past Oracle’s Larry Ellison and Facebook’s Mark Zuckerberg into sixth place on Forbes’ Real-Time Billionaires List. TANGENTIn what would be one of its biggest acquisitions, Nvidia has reportedly agreed to buy AI-platform Hugging Face for $12.9 billion, The Information reported late on Wednesday. The move would link the world’s dominant AI chipmaker with the global hub for open-source artificial intelligence. Nvidia had invested $235 million in Hugging Face in 2023, when it was valued at $4.5 billion, and the company gained attention recently after OpenAI reported that one of its models hacked the platform. further readingNvidia Soars In Premarket After Strong Earnings (Forbes)Jensen Huang’s Fortune Passes Larry Ellison’s As Nvidia’s Blowout Earnings Adds $15 Billion To Net Worth (Forbes)