Nvidia Jumps Over 7% in Premarket, Driving Broad Rally in Chip Stocks on Robust Earnings and Outlook

Topline

Nvidia’s stock surged more than 7% in premarket trading on Thursday, erasing a week‑long decline. The rally was sparked by the chipmaker’s strong fiscal‑second‑quarter results and an optimistic forecast for a 70% revenue increase next year, easing investor concerns about a slowdown in AI demand and lifting peers across the semiconductor sector.

Key Facts

Nvidia shares climbed to $224.83 in premarket trading, up roughly 7.2% from Wednesday’s close.

The post‑earnings rebound erased a drop that began last week amid worries about the company’s profitability and its financing arrangements with major AI firms.

Other top chipmakers gained, with Intel rising 3.55% to $91.27, Broadcom up 1.8% to $362.12, and AMD advancing 1.6% to $488.72.

Memory chipmaker Micron rose more than 4% to $976.71 after Nvidia highlighted tight memory‑chip supplies driven by AI demand.

The sector’s strength lifted the tech‑heavy Nasdaq futures 1.10% to 29,622.25 and the S&P 500 futures about 0.5% to 7,727.00.

Asian semiconductor stocks also rose, with SK Hynix, Samsung and Kioxia gaining 2.5%, 1.7% and 5% respectively.

What Do We Know About Nvidia’s Q2 Earnings?

Nvidia delivered fiscal‑second‑quarter results for 2026 on Wednesday, reporting $96.2 billion in revenue—up 106% year‑over‑year and above the $92.2 billion consensus. Net income rose to $59.7 billion from $26.4 billion a year earlier. The company also guided for $108 billion in current‑quarter revenue, beating the $104.2 billion analyst estimate.

What Did The Chipmaker Say In Its Earnings Call?

During the earnings call, Nvidia projected a 70% sales increase for the next fiscal year, a figure CEO Jensen Huang described as conservative because of supply‑chain constraints. “Even though our demand is much greater than 70%, our supply allows us to confidently deliver 70%. We are going to continue to work with our supply chain to increase on that,” Huang said.

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