Nvidia reported blowout second-quarter results with revenue of $96.2 billion, beating analysts’ consensus estimate of $92.2 billion. The company projected 70% revenue growth for the next fiscal year, far exceeding the 44% analysts had forecast. CEO Jensen Huang said during the earnings call that the stock price of those he dines with typically doubles the next day, a remark that helped push Nvidia shares up more than 4% in after-hours trading. Nvidia currently can only fulfill 70% of customer demand, with the entire supply chain under severe strain. Huang’s dinners have become so famous that a blog called Jensen Eats tracks each of his meals around the world, often with executives from other tech firms or Asian conglomerates. LG rose 30% ahead of a meeting between its chairman Koo Kwang-mo and Huang in South Korea.
Source: Read the original article
