Nvidia shares jumped 8.7% after the company reported fiscal second-quarter revenue of $96.2 billion, up 106% year over year and above the roughly $92 billion Wall Street expected, and guided for about $108 billion in the current quarter versus a $104.6 billion consensus. Management pointed to roughly 70% revenue growth in fiscal 2028, with next-generation Vera Rubin expected to contribute about 20% of data center revenue this quarter, while free cash flow reached $21.3 billion and operating margin expanded to 66.5%. CEO Jensen Huang pushed back on circular-financing concerns and said AI compute has become a revenue driver, as analyst Dan Ives stressed that guidance excluded China data-center compute and framed supply, not demand, as the bottleneck. Marvell Technology posted record revenue of $2.74 billion and raised fiscal 2027 and 2028 targets to about $12 billion and $18 billion, but the stock fell as much as 8% after a roughly 178% year-to-date rally left it trading near 60 times earnings. Investors also scrutinized softer third-quarter gross-margin guidance, planned supplier prepayments, and a Google partnership whose largest revenue contribution is not expected until fiscal 2029. President Donald Trump praised Nvidia’s results, while AI-linked shares including Semtech, Intel and Broadcom advanced and India’s Nifty IT index rose 2.75%.