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Strong Q2 results and a 70% growth guide validate durable AI demand; near-term price action reflects confidence in further upside, though supply constraints could temper gains if bottlenecks ease unexpectedly.
What happened, with direct paths to the underlying reporting
NVIDIA posted Q2 revenue of $96.2B, up 106% YoY, beating Street estimates. It forecast $108B for the next quarter and 70% revenue growth for the coming year, saying supply constraints cap upside. The print spurred a broad chip rally and reduced anxiety about AI demand.
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