Nvidia shares jumped about 7% in premarket trading Thursday after the chipmaker delivered stronger-than-expected results and offered an upbeat outlook for artificial intelligence demand. The gains also lifted other semiconductor and AI-related stocks.
According to the report, Nvidia continues to face supply constraints involving Taiwan Semiconductor Manufacturing and memory chips used in its AI systems. The company also faces growing competition from custom AI chips developed by major technology firms and AI labs.
Huang said AI has reached an “inflection point,” citing rapid growth among companies requiring large GPU clusters. Nvidia also reported strong growth from enterprise, industrial and AI cloud customers, indicating a broader customer base beyond major hyperscalers.
The results helped ease concerns over AI spending and a potential slowdown. Analysts cited in the report remained broadly bullish on Nvidia’s outlook.
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Nvidia jumps 7% after blockbuster earnings boost AI confidence https://t.co/txd0kXBuQK
— CNBC Tech (@CNBCtech) August 27, 2026
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