Nvidia Market Cap Surges $370 Billion Amid Robust Q2 Results

Nvidia's market capitalization surged by $370 billion after reporting stronger-than-expected quarterly results, with shares jumping 7.32% to $225 on Thursday.

The company's second-quarter revenue hit $96.2 billion, a 106% year-over-year increase, while data center revenue soared 117% to $89 billion.

Nvidia's outlook exceeded Wall Street expectations, with the company predicting a 70% revenue growth in fiscal 2028, surpassing the estimated 44% growth.