Nvidia shares jumped about 7% after strong quarterly results and a bullish revenue forecast eased concerns over slowing AI spending. The chipmaker reported $96.2 billion in second-quarter revenue and expects about $108 billion in the current quarter. Its 70% fiscal 2028 growth outlook further strengthened investor confidence in the AI trade.

The AI behemoth forecasts revenue will top $100 billion in Q3.

Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the…