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Nvidia Earnings Spark Nasdaq Rally Amid Jackson Hole Anticipation

Guavy AI Editorial Team
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NVDA
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Nvidia's stellar Q2 earnings and guidance sent shockwaves through the market, propelling Nasdaq futures up by +1.06% in pre-market trading.

The chipmaker's finance chief Colette Kress revealed that Nvidia expects revenue to grow 70% in fiscal 2028, well above analysts' estimates of a 45% increase.

This bullish outlook alleviated concerns over the sustainability of AI-related spending and boosted other chipmakers and AI infrastructure stocks.

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