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Nvidia surges after forecast blows past estimates
- Nvidia shares soared Thursday after the company forecast roughly 70% revenue growth next fiscal year, far above the 45% analysts expected.
bloomberg - The gain trailed only Microsoft's record surge from less than a month ago; Nvidia is now valued at roughly $5.5 trillion.
finance.yahoo - JPMorgan called the outlook likely conservative, noting Nvidia described its own guidance as supply-constrained with demand running higher.
finance.yahoo
Nvidia shares surged 8.7% on Thursday, adding $442 billion in market value in the second-largest single-day gain by any stock in history, after the chipmaker forecast revenue growth that far exceeded Wall Street expectations and reinforced investor confidence in the durability of the AI boom.
A Forecast That Stunned the Street
The rally followed a Wednesday conference call in which Nvidia CFO Colette Kress told investors to expect revenue growth of about 70% in the company's next fiscal year — well above the roughly 45% growth analysts polled by FactSet had projected. CEO Jensen Huang said the company would be growing even faster if not for supply constraints limiting how much product Nvidia can ship.rollingout
Bloomberg Intelligence described the guidance as "jaw-dropping," writing that it "implies more than $100 billion of potential upside to current estimates". JPMorgan noted that even though the outlook already beat expectations by a wide margin, it is likely still conservative, since Nvidia "explicitly characterized the outlook as supply-constrained, with unconstrained demand pacing materially higher".finance.yahoo+1
Record Territory
Thursday's $442 billion gain trails only Microsoft's $450 billion single-day surge from less than a month ago, which followed its own blowout results. Nvidia previously held the record, having added $440 billion in April 2025 after President Donald Trump announced a 90-day tariff pause. The company also holds the record for the largest single-day loss in market history, when nearly $600 billion was wiped out amid concerns over China's DeepSeek AI model.businesstimes+1
Nvidia remains the largest company in the world, with a valuation around $5.5 trillion. Thursday's market cap addition alone exceeded the total value of all but a handful of S&P 500 members.finance.yahoo+1
Broader Market Lift
The surge lifted the wider market, with the Nasdaq Composite and S&P 500 both rising as investors treated the forecast as further confirmation that AI-driven demand remains firmly intact. Microsoft, one of Nvidia's largest customers and AI infrastructure partners, also gained on the day.rollingout
Sources (4)
- 1 Nvidia Adds $442 Billion in Second Biggest Ever Stock Surge www.bloomberg.com
- 2 Nvidia Adds $442 Billion in Second Biggest Ever Stock Surge finance.yahoo.com
- 3 Nvidia posts second largest one day gain in market history rollingout.com
- 4 Nvidia adds US$442 billion after robust forecast sparks second-biggest stock surge ever www.businesstimes.com.sg
