Nvidia (NVDA) shares rise 7.2% on strong AI revenue guidance
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowNvidia (NVDA) shares increased by 7.2% in premarket trading following a positive revenue forecast indicating a 70% growth for fiscal 2028. This increase comes amidst broader gains in the chip sector, with companies like Micron and Marvell also experiencing significant rises. CFO Colette Kress expressed confidence in AI demand, asserting it exceeds their forecast, though there are supply constraints. This positive outlook may bolster investor sentiment and signify potential growth for Nvidia and related companies in the tech market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About NVIDIA Corporation (NVDA)
Nvidia designs the graphics and AI accelerator chips that power gaming, data centers, and the generative-AI boom, making it a bellwether for the semiconductor industry.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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