Nvidia Stock Surges on Strong Earnings and Bullish Guidance

Nvidia's recent earnings report has sent shockwaves through the tech industry, and analysts are now revising their growth expectations for the company.

The semiconductor giant delivered impressive results last quarter, with revenue jumping 106% year-over-year to $96.2 billion, while non-GAAP earnings increased by 120% to $2.22 per share.

CFO Colette Kress noted on the latest earnings call that Nvidia expects its robust growth momentum to continue beyond the current quarter, with a forecast of approximately 70% revenue growth in fiscal 2028, taking supply constraints into account.

This guidance has analysts scrambling to increase their growth expectations, with some predicting even stronger results if Nvidia can build more capacity with its supply chain partners.