Nvidia shares rise 7% pre-market
Nvidia's shares rose by 7.2% before trading, after announcing strong financial results and long-term revenue forecasts reaching $108 billion in the third quarter of the fiscal year, with an expected full-year growth of 70%. The company achieved revenues of $96.2 billion in the second quarter, with data center growth of 117%, indicating increasing demand for artificial intelligence technologies, despite ongoing supply constraints and a lack of transparency regarding its sales in China. Nvidia expects that demand will remain strong as the AI market continues to grow, reflected in the company's market capitalization rising to $5.07 trillion, with investors optimistic about future growth.
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