--- title: "Nvidia Stock Is Climbing After Hours — What Investors Just Heard and What Wall Street Sees Next" type: "News" locale: "en" url: "https://longbridge.com/en/news/297093519.md" description: "Nvidia shares rose 4.5% in after-hours trading following its fiscal Q2 earnings report, which beat forecasts with $96.22B revenue and $2.22 EPS. The rally was driven by management's optimistic long-term outlook, including 70% projected FY2028 revenue growth and strong demand for the Vera Rubin platform. CEO Jensen Huang highlighted accelerating AI computing demand across various sectors. Wall Street maintains a Strong Buy consensus with an average price target of $304.67." datetime: "2026-08-26T22:00:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297093519.md) - [en](https://longbridge.com/en/news/297093519.md) - [zh-HK](https://longbridge.com/zh-HK/news/297093519.md) generator: "portal-rs" --- # Nvidia Stock Is Climbing After Hours — What Investors Just Heard and What Wall Street Sees Next **Nvidia (NASDAQ:NVDA)** investors apparently needed to hear management speak before deciding what they thought about Wednesday's earnings. Shares initially slipped after the fiscal second-quarter report arrived, despite results and guidance topping Wall Street's forecasts. The mood changed once Nvidia's earnings call began, with the stock climbing from there and now sitting about 4.5% higher in after-hours trading. Perhaps the biggest reason came when CFO Colette Kress looked beyond the next few quarters and discussed Nvidia's longer-term trajectory. Management expects fiscal 2028 revenue to grow about 70% year-over-year, far above the 45% increase Wall Street expected. Kress said demand remains broad among cloud providers and leading AI labs, while supply continues struggling to keep pace with customer orders. Investors received another encouraging update regarding Vera Rubin, Nvidia's next-generation computing platform succeeding Grace Blackwell. The platform is now ramping into full production, with systems running at partners including CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure, and Nebius. That progress gives Nvidia another growth engine as customers require greater computing capacity for training, reasoning, inference, and agentic workloads. CEO Jensen Huang gave investors another reason to look beyond the latest quarterly numbers during Wednesday's call. He described AI computing demand as accelerating, with several frontier labs scaling simultaneously alongside startups, open-model developers, and physical-AI applications. Taken together, management's comments painted a picture of spending remaining elevated well beyond the current Blackwell product cycle. Those comments followed quarterly numbers that were difficult to fault, starting with adjusted earnings of $2.22 per share versus Wall Street's $2.09 estimate. Revenue jumped 106% year-over-year to $96.22 billion, beating analysts' $92.38 billion forecast, while Data Center sales reached $89 billion and increased 117% from last year. Nvidia generated $21.34 billion in free cash flow during the period, while adjusted gross margin finished at 75%. The fiscal third-quarter outlook kept the growth story moving forward, with Nvidia forecasting revenue of $108 billion, plus or minus 2%. Wall Street had expected $104.86 billion, although management's projection assumes no Data Center compute revenue from China during the period. Nvidia expects adjusted gross margin of 74%, plus or minus 50 basis points, compared with 75% during the latest quarter. Wall Street remains highly optimistic about where Nvidia stock goes from here, judging by the latest analyst ratings tracked by TipRanks. All 29 analysts covering NVDA during the past three months recommend buying the stock, giving it a Strong Buy consensus rating. The average price target stands at $304.67, implying about 45% upside from Wednesday's closing price. 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