TLDR
- Nvidia stock jumped 8.7% on Thursday, adding $442 billion in market cap, the second-largest single-day gain in stock market history
- Q2 revenue came in at $96.22 billion, up 105.9% year over year, beating estimates of $92.27 billion
- Nvidia guided for 70% revenue growth next fiscal year, well above the 45% analysts expected
- The stock opened at $227.98 on Friday, with a market cap of around $5.52 trillion
- Analysts maintain a “Moderate Buy” consensus with an average price target of $322.61
Nvidia’s stock surged 8.7% on Thursday after the company posted blockbuster earnings and gave a revenue forecast that caught Wall Street off guard. The stock opened at $227.98 on Friday.
The company reported Q2 EPS of $2.22, beating the consensus estimate of $2.09. Revenue hit $96.22 billion for the quarter, up 105.9% year over year and ahead of analyst estimates of $92.27 billion.
The bigger story was the outlook. Nvidia guided for revenue growth of around 70% next fiscal year, well above the 45% Wall Street had expected.
Bloomberg Intelligence called the forecast “jaw-dropping,” saying it implies more than $100 billion of potential upside to current estimates.
JPMorgan added that the outlook is likely still conservative. The bank noted Nvidia “explicitly characterized the outlook as supply-constrained, with unconstrained demand pacing materially higher.”
Second Biggest Single-Day Market Cap Gain Ever
The 8.7% move added $442 billion to Nvidia’s market value in a single session. That makes it the second-largest one-day market cap gain in stock market history, trailing only Microsoft’s $450 billion surge less than a month ago.
Nvidia itself previously held that record, adding $440 billion after President Trump announced a 90-day tariff pause in April last year.
The company also holds the record for the largest single-day market cap loss, when nearly $600 billion was wiped out following concerns over China’s DeepSeek AI model.
Nvidia is now the largest company in the world, with a market cap of around $5.52 trillion.
Analyst Targets and Institutional Activity
Sanford C. Bernstein raised its price target on Nvidia from $315 to $400 following the results, maintaining an “outperform” rating. Truist Financial lifted its target from $307 to $346 with a “buy” rating.
Across the board, 48 analysts rate the stock a Buy, two rate it a Strong Buy, and four have a Hold. The average price target sits at $322.61.
Institutional investors own 65.27% of Nvidia. State Street Corp holds over 991 million shares worth around $184.9 billion. Geode Capital Management holds over 588 million shares valued at around $109.4 billion.
On the insider side, Nvidia directors sold a combined 1.9 million shares worth roughly $410 million over the past 90 days.
The company’s board has authorized an $80 billion share buyback program. Nvidia also declared a quarterly dividend of $0.25 per share, payable October 1 to stockholders of record on September 10.
The stock’s 52-week range runs from $164.07 to $236.54, with a 50-day moving average of $207.95 and a 200-day moving average of $200.66.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
