NVIDIA’s Q2 Surge Sends Stock to 8.4% Peak

Shares of NVIDIA (NVDA) surged to a high of 8.4% today, remaining up 7.6% at 11:11 a.m. ET. The rally was driven by the company’s fiscal 2027 Q2 results, which far outperformed Wall Street expectations.

For the quarter ended July 26, NVIDIA reported record revenue of $96.2 billion, a 106% jump YoY and 18% QoQ. Adjusted earnings per share rose 120% to $2.22, supported by a gross margin that climbed to 75%. Analysts had projected revenue of $92.2 billion and adjusted EPS of $2.10, so the company comfortably beat both estimates.

The data‑center business, the core of NVIDIA’s AI and cloud offerings, grew 117% to $89 billion. The edge‑computing segment, covering PCs, workstations, gaming consoles, automotive and robotics, increased 27% to $7.2 billion.

Looking ahead, NVIDIA’s guidance for fiscal 2027 Q3 projects revenue growth of 89% at the midpoint of its $108 billion range, with gross margin expected to dip slightly to 74%. CFO Colette Kress added that the company anticipates 70% revenue growth in fiscal 2028—well above the 44% consensus—and noted that supply constraints could push growth beyond 100%.

Despite its strong performance, NVIDIA remains attractively priced, trading at roughly 25 times forward earnings. With a market cap of about $5.6 trillion (based solely on publicly traded shares), the chipmaker offers a compelling opportunity for investors looking to capitalize on the ongoing AI boom.

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