Nvidia's Strong FY28 Revenue Forecast Boosts Tech Futures
Nvidia's strong revenue forecast for FY28 has lifted futures for the S&P 500 and Nasdaq. The Dow Jones Industrial Average also rose after-hours, up by 0.4%. This comes as Nvidia announced a 70% increase in revenue growth for the current fiscal year.
The company's CFO, Colette Kress, stated that the surge in AI demand is driving global infrastructure buildout and diverse growth opportunities.
This news has also positively impacted other tech stocks such as CrowdStrike (CRWD), Okta (OKTA), Salesforce (CRM), and Meta Platforms (META).