MarketPR
Revenue guidance from Nvidia ($NVDA) sent shares nearly 10% higher Thursday after the chip giant reported quarterly earnings that investors broadly characterized as blockbuster.
The guidance was the specific number that moved the tape, telling markets that AI demand is holding.
Heading into the print, investors were watching Nvidia's forward revenue outlook as the clearest available signal of whether the AI spending cycle was sustaining.
The company's quarterly results supplied that data, and the session reflected it. The read-through for the setup is that demand for AI-related chips has not softened enough to appear as weakness in Nvidia's guidance.
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