Market Notes

Nvidia's $108 Billion Guide: One Print, a $456 Billion Swing, and the AI Cycle's Next Test

· 5 min read · by Ava Thompson, Nova Ventures Research

Nvidia answered the week's AI-cycle question after Wednesday's close: $96.2 billion of Q2 revenue, a $108 billion Q3 guide, and a first-ever year-ahead call for ~70% fiscal-2028 growth. Shares jumped 8.7% Thursday; Nvidia's market-cap gain was nearly the entire S&P 500 advance.

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