Nvidia Announces 70% Growth, Driving Up the Stock Price of NVDA
2026-08-28 23:17:37
According to CoinMeta, Nvidia announced results that exceeded expectations during its second-quarter financial report conference call in 2026, with adjusted earnings per share of $2.22 and revenue of $96.22 billion, both of which surpassed market forecasts. This led to a nearly 9% increase in the stock price of Nvidia, reaching $227. Nvidia, the company's Chief Financial Officer Colette Kress, stated in an interview with CNBC that the company expects revenue to grow by 70% in fiscal year 2028, far exceeding Wall Street analysts' forecast of 44%. She noted that customer projections indicate that growth will double next year. Although the stock price of Nvidia declined at the end of 2025 and the beginning of 2026 due to investor fatigue, it began to recover in the third quarter of 2026 and has risen by about 20% since the beginning of the year.
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Source:Watcher.Guru
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