NVIDIA Corporation (NVDA)

Investing.com -- NVIDIA stock surged 6.0% in pre-open trading after the company delivered a landmark fiscal second-quarter earnings report the prior evening, with revenue of $96.2 billion rising more than 106% year-over-year and adjusted earnings per share of $2.22 clearing the consensus estimate of roughly $2.08 by a meaningful margin. Even more impactful for investors was the forward outlook: management guided Q3 revenue to approximately $108 billion — above analyst expectations of roughly $104 billion — while CEO Jensen Huang projected approximately 70% revenue growth for the full fiscal year 2028, a figure that far exceeded prior Street estimates and eased persistent fears about a slowdown in AI-driven demand.

Alongside the earnings release, NVIDIA and Amazon Web Services announced a major expansion of their strategic partnership, with AWS committing to deploy an additional 2 million NVIDIA GPUs — spanning Blackwell Ultra, Rubin, and Rubin Ultra architectures — across its global infrastructure through 2027 and 2028. Jensen Huang stated that "demand is running ahead of every forecast," underscoring the urgency behind the deal. CFO Colette Kress reinforced the bullish demand picture by disclosing that combined capex among the top five hyperscalers is expected to climb to $1.3 trillion in 2027, up from $800 billion in 2026. NVIDIA also returned $26 billion to shareholders through buybacks and dividends during the quarter, signaling strong free cash flow confidence.

The broader market provided a constructive but clearly secondary backdrop, with the S&P 500 adding roughly 0.5% and the Nasdaq gaining close to 1.0% in pre-market trading — moves that pale against NVIDIA's 6.0% leap and underscore that today's rally is overwhelmingly company-specific. NVIDIA's data center segment, which generated $89 billion in revenue and accounted for over 92% of total sales, confirmed that the AI infrastructure build-out continues to broaden beyond a handful of hyperscalers, with the AI Clouds, Industrial, and Enterprise segment growing 138% year-over-year.

Taken together, a decisive earnings beat, record-breaking Q3 guidance, an expanded multi-billion-dollar AWS supply agreement, and robust capital returns combined to produce a powerful pre-market rally, pushing NVIDIA to trade at $222.28 — well within striking distance of its 52-week high of $236.54 — and reinforcing its position as the central hardware supplier of the global AI revolution.