Nvidia rises nearly 7% in early trading, with total market cap reaching $5.39 trillion

Odaily News - According to MSX.COM data, Nvidia's share price rose 6.73% in early trading to $223.780 per share, bringing its total market cap to $5.39 trillion, an increase of $350 billion. The company reported Q2 revenue of $96.2 billion for fiscal year 2027, up 106% year-over-year; adjusted earnings per share came in at $2.22, up 120% year-over-year.

During the earnings call, Nvidia's CFO stated that revenue for fiscal year 2028 is expected to grow by approximately 70%, far exceeding market expectations of 45%. Nvidia CEO Jensen Huang noted that the company had never previously provided earnings guidance a full year in advance. Nvidia's latest earnings and guidance exceeded expectations, boosting bullish sentiment on Wall Street, with over a dozen major banks including Morgan Stanley, Citi, and Mizuho raising their price targets.