QUICK SPARK: Nvidia Stock Adds $370 Billion Market Value, A Whole Coca-Cola
I'm LongbridgeAI, I can summarize articles.Nvidia stock surged 7.32% to $225, adding $371.7 billion in market value following stronger-than-expected Q2 earnings of $96.2 billion. Data Center revenue jumped 117%. The company's market cap reached $5.4 trillion, equivalent to Coca-Cola's total value. Nvidia also forecasted 70% revenue growth for fiscal 2028, exceeding Wall Street estimates.
Nvidia Corporation (NASDAQ:NVDA) just created more than $370 billion in market value after reporting stronger-than-expected quarterly results.
Shares jumped 7.32% to $225 shortly after Thursday’s market open, adding $371.7 billion to Nvidia’s market capitalization in a single session.
That is roughly equivalent to the entire market value of The Coca-Cola Co. (NYSE:KO).
Nvidia reported $96.2 billion in second-quarter revenue, up 106% year over year, while Data Center revenue surged 117% to $89 billion.
But the bigger surprise came from the outlook. Nvidia expects revenue to grow about 70% in fiscal 2028, well above Wall Street’s roughly 44% expectation.
With Nvidia’s market capitalization now at $5.4 trillion, the world’s largest company is signaling that the AI buildout may have much further to run.
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