Nvidia forecasts quarterly revenue above estimates, shares rise

Nvidia’s quarterly revenue more than doubled and the chipmaker forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling persistent demand for its AI chips. The company also said it expects revenue to grow by about 70% in fiscal 2028, and announced an expansion of its partnership with Amazon’s 

Nvidia CEO Jensen Huang. Tomohiro Ohsumi/Getty Images Nvidia spent August making deals across AI — and it's not done yet. The chip giant said it is committing $18 billion in equity investments for the rest of fiscal 2027. Nvidia CEO Jensen Huang is investing across nearly every corner of the AI ecosystem. Jensen Huan

Nvidia forecasts quarterly revenue above estimates, shares rise  Reuters

Nvidia reports $154 billion quarterly revenue as AI spending drives demand.

The AI chip giant posted record quarterly revenue of $96.2 billion and guided for $108 billion next quarter, but shares dipped in after-hours trading

The chipmaker's data centre revenue surged 117% to $89 billion as it guided next quarter revenue to $108 billion, both above Wall Street expectations, without counting sales to China.

Quarterly revenue also more than doubled, to $96.22 billion, the company said, topping expectations on Wall Street.

Nvidia's second quarter fiscal 2027 earnings results were released after the market closed on Wednesday.

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