Why Nvidia Stock Rocketed Higher Today

NVDA surged 7.5% following fiscal Q2 2027 results that crushed Wall Street expectations. The chipmaker posted record revenue of $96.2 billion, up 106% year-over-year, and delivered adjusted earnings per share of $2.22, both topping analyst estimates.

The data center segment powered the beat, generating $89 billion in revenue—a 117% year-over-year jump. Demand for NVDA's AI-focused chips continues to outstrip supply as hyperscalers and enterprise customers race to build out infrastructure.

Management's fiscal 2028 guidance separated this report from a standard beat. The company forecasted 70% revenue growth for the full year, blowing past Wall Street's 44% consensus. Executives added that growth could exceed 100% if supply constraints ease, signaling that demand remains the limiting factor rather than customer appetite.

The stock's move reflects the market repricing NVDA's near-term earnings power as the AI buildout accelerates faster than previously modeled.