Nvidia shares jump 8.7%, add $442 billion to market cap after Q2 results
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Nvidia shares jumped 8.7% on Thursday, adding about $442 billion to the company’s market value after the chipmaker reported strong quarterly results and gave an upbeat revenue outlook.
The stock ended the session at $227.98, putting Nvidia’s market capitalisation at around $5.5 trillion. Thursday’s gain was the company’s biggest one-day rise since April 2025. It was also the second-largest single-day increase in market value for any company, after Microsoft’s roughly $450 billion gain.
The results helped ease concerns around the pace of spending on artificial intelligence infrastructure. Nvidia also forecast revenue growth of about 70% for the next fiscal year, above Wall Street expectations.
The rise was not limited to Nvidia. Intel, Micron, Broadcom and SK Hynix were among other chip stocks that gained, while AI cloud companies CoreWeave and Nebius also moved higher. The S&P 500 information technology index gained 3.4% during the session.
Nvidia Q2 results beat expectations
Nvidia reported revenue of $96.2 billion for the second quarter of fiscal 2027, up 106% from a year earlier and 18% from the previous quarter. Its data centre business continued to drive growth, with revenue rising 117% year-on-year to $89 billion.
Net income more than doubled to $59.7 billion from $26.4 billion a year earlier. GAAP earnings per share came in at $2.46, compared with $1.08 in the year-ago quarter. Adjusted earnings per share stood at $2.22.
For the current quarter, Nvidia expects revenue of about $108 billion, plus or minus 2%. The forecast does not include any data centre compute revenue from China.
Nvidia CEO Jensen Huang said demand for AI computing was expanding as companies moved from experimenting with AI to using it for revenue-generating work.
“AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” Huang said.
Huang also pointed to continued demand from AI labs, startups and companies developing large-scale AI models.
“The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment,” he said.
The strong forecast comes at a time when investors have been questioning how long major technology companies can continue spending heavily on data centres. There have also been concerns about customers developing their own AI chips.
Nvidia’s latest results and outlook suggest that, for now, demand for the computing infrastructure needed to build and run AI systems remains strong.