After the US close on Wednesday Nvidia shares fell initially then rallied after
the company easily beat Q2 estimates and raised Q3 guidance. Investors viewing
Nvidia as an AI play treated the results as supportive, though initial market
reaction was muted after a long tech run-up. During the earnings call Jensen
Huang and other executives said Nvidia expects fiscal 2028 revenue to grow 70%
and reiterated that AI has reached an inflection point; shares subsequently rose
as much as 5%. Analysts said the volatility was within market expectations and
warned Nvidia’s challenge is no longer delivering a good quarter but producing
results that surpass already-elevated investor expectations—beating Wall Street
is increasingly just table stakes.
