Nvidia (NVDA) shares rise 7.2% on strong AI revenue guidance

Nvidia (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.