Nvidia Jumps 7.6% on Q2 Beat and Strong Guidance; Salesforce Soars 21%
NVDA sits 37% above its 52-week low of $164.07.
Summary
Nvidia shares are up 7.6% after reporting better-than-expected Q2 results and providing upbeat Q3 revenue guidance, reinforcing that the AI investment cycle remains intact. The stock added $370 billion in market value, equivalent to a whole Coca-Cola. Salesforce is also surging 21.4% on its own earnings beat and strong forecast, lifting the broader software sector. The Nasdaq is up 1.3% as tech leads the market higher. This follows Nvidia's Q2 FY27 8-K filed yesterday, which showed revenue doubling to $96.2B with Data Center up 117%; today's move reflects the market's positive reaction to the guidance and analyst commentary.
At the time of this announcement, NVDA was trading at $225.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: dpa-AFX.