NVIDIA reported fiscal second-quarter revenue of $96.2 billion. This figure represents a 106% year-over-year increase. Company shares rose over 7% in pre-market trading. The rally lifted the Nasdaq and other AI-related stocks.
NVIDIA forecasts approximately 70% revenue growth for the next fiscal year. This projection significantly exceeded analyst estimates. CEO Jensen Huang described demand as accelerating for AI data center buildouts. Major cloud providers and enterprises drive this ongoing infrastructure expansion.
The outlook supports the broader AI supply chain, including memory, networking, and data center operators. NVIDIA noted that current growth remains constrained by supply limitations. Projections may prove conservative if production capacity increases faster than expected.