Nvidia earnings boost NASDAQ futures as software sector rides the wave
Record $96.2 billion in quarterly revenue and blockbuster guidance send ripples across tech, while falling oil prices add another tailwind for markets.
Nvidia just posted the kind of quarter that makes other companies’ “record results” look quaint. The chipmaker reported $96.2 billion in revenue for its second quarter of fiscal 2027, a 106% jump from the same period a year ago. That number blew past Wall Street estimates and sent Nasdaq futures climbing 1.1% in early trading on August 27.
Nvidia’s stock responded with roughly a 7% gain in premarket trading.
The numbers behind the surge
The engine driving Nvidia’s results remains its data center business, which pulled in $89.0 billion in revenue. That’s a 117% increase year-over-year, confirming that corporate appetite for AI infrastructure hasn’t faded despite months of hand-wringing about whether spending would slow down.
Adjusted earnings per share came in at $2.22, again beating consensus estimates.
Nvidia’s forward guidance gave bulls even more ammunition. The company projected third-quarter revenue of approximately $108 billion, which topped analyst forecasts. It also flagged expected revenue growth of around 70% for fiscal 2028.
Macro, rates, and crypto—what moved markets and what matters next.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
Semiconductor peers and software stocks join the party
Nvidia’s rising tide lifted several boats. Fellow semiconductor names Micron and Marvell both posted gains during the premarket session. Salesforce shares surged between 11.5% and 11.6% following its own positive earnings report, while CrowdStrike climbed 9.5%.
Oil prices add a macro tailwind
Brent crude dropped 1.4% to $86.66 per barrel, and West Texas Intermediate fell 1.6% to $80.94 per barrel amid shifting geopolitical dynamics.
What this means for markets going forward
Nvidia’s results remove one of the biggest near-term risks that had been hanging over markets: the possibility that AI spending was decelerating. With data center revenue growing at 117% and forward guidance calling for $108 billion next quarter, the demand signal is about as clear as it gets.
Risks remain, of course. Export controls, supply chain bottlenecks, and the eventual maturation of the AI build-out cycle are all factors that could slow momentum.