Nvidia delivered a thunderbolt to Wall Street Thursday morning with an unprecedented revenue forecast that sent its stock surging more than 7% in premarket trading. The AI chipmaker projected a stunning 70% revenue growth trajectory extending through 2028, a guidance timeline far longer than typical corporate outlooks and significantly more bullish than analysts expected.
The ripple effects were immediate. Semiconductor stocks jumped nearly 3% as a group, with Marvell Technology climbing over 5% ahead of its own earnings report. Memory chip makers gained 3.6% while software companies rose 2.3%, pointing to widespread optimism about AI infrastructure spending.
Still, the rally wasn’t universal. Among the so-called Magnificent Seven tech giants, only Nvidia and Tesla posted gains. Apple slipped 1.1%, Microsoft fell 1%, and Amazon edged down 0.3%. What explains the divergence? Investors appear to be rotating into direct AI beneficiaries rather than lifting all mega-cap boats equally.
Futures markets reflected the tech enthusiasm, with Nasdaq contracts jumping 1.1% while the S&P 500 gained a more modest 0.5%. The Kansas City Fed manufacturing report and weekly jobless claims are due later Thursday, though Nvidia’s forecast will likely dominate trading psychology through the session.
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