Nvidia's Stellar Q2 Results Spark AI Sentiment Boost

Nvidia's strong second-quarter results have boosted investor sentiment in the AI space. The company reported revenue of $96.2 billion, more than double the prior-year period, and earnings per share came in at $2.22 per share.

Both figures beat Wall Street expectations, with Nvidia forecasting 70% revenue growth for fiscal 2028. This has sent Nasdaq-100 futures up 0.87%, while Dow futures and S&P 500 gained 0.35% and 0.48%, respectively.

The company's results have also drawn praise from analysts, with Ross Gerber calling them 'absolutely insane' and saying that Nvidia is redefining business history. The company's shares climbed more than 5% higher in the overnight session late Wednesday after it posted outstanding quarterly results.