Nvidia reported better-than-expected results in its fiscal second-quarter earnings call on Wednesday (August, 26, 2026). It topped all estimates, including earnings per share of $2.22 adjusted vs. $2.10 estimated and revenues of $96.22 billion vs. $92.17 billion estimated. This led to Nvidia stock (NASDAQ: NVDA) jumping nearly 9% in value, reaching $227 on the company’s forecast for next fiscal year.
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Nvidia Stock: A ‘70% Growth’ Comment From the CFO Shakes Up the Market
Colette Kress, the Chief Financial Officer of Nvidia, made a stunning revelation during an interview with CNBC analysts that the company expects fiscal 2028 revenue growth of 70%. This completely outruns Wall Street analysts’ expectations of 44%. She said that customer forecasts “point to our growth doubling next year.” Nvidia is always known to beat expectations; therefore, her words are taken literally. Nvidia stock pumped up after the comment, indicating strong forecasts for 2028.
The CFO’s comments came at a time when the earnings call showed that net income for Nvidia in the quarter had more than doubled to $53.95 billion from $24.76 billion. Even after a historic rally from 2020, investors are still making a beeline to accumulate Nvidia stock. The company sits at the center of the AI world and is the backbone of the sector’s boom. Its chips have been widely used to advance AI models in data centers around the world.
Nvidia stock cooled down in late 2025 and early 2026 due to investor fatigue. It also stagnated in value in Q2 this year, but picked up steam in Q3. It has risen around 20% year-to-date, and the positive momentum could drive prices further. Accumulating NVDA even at the $225 range could still be beneficial to investors. The equity can generate phenomenal gains if traders hold on to it for the long term. An investment window of five to 10 years should be ideal to book profits.