EL7.AI
StocksMediumUpdated×3•Originally published 20 May 2026•Updated 20 May 2026•
1 min read

Nvidia Surges as Q2 Revenue Forecast Hits $91B Amid $80B Buyback Plan

Key Facts

1Nasdaq futures rose 0.7% and S&P 500 futures climbed 0.3% ahead of Nvidia's earnings release.
2US 10-year Treasury yields retreated to 4.64% as traders pared back aggressive interest-rate hike bets.
3Brent crude prices fell 1.8% toward $109 a barrel amid easing energy complex pressures.

Nvidia reported fiscal first-quarter earnings of $1.87 per share, beating analyst estimates of $1.77. The company also projected revenue for the quarter ending in July to reach $91 billion, significantly surpassing Wall Street expectations of approximately $87.4 billion. Alongside these robust figures, Nvidia announced that its board has authorized a massive $80 billion share repurchase program, reinforcing market confidence in the AI infrastructure boom.

The announcement comes as semiconductor peers showed mixed momentum, with AMD shares rising 1.2% in after-hours trading per market data. Compared to previous quarters, Nvidia's profit margins continue to outperform the industry average, prompting analysts to revise price targets upward. Per market data, this robust performance has significantly bolstered investor sentiment across the broader tech sector despite ongoing fluctuations in Treasury yields.

NVDA shares reached new levels following the positive release (close May 20, 2026). Looking ahead, investors are focusing on the Federal Reserve minutes due on May 21, 2026, which could impact liquidity trends for growth stocks. Additionally, US Initial Jobless Claims scheduled for May 21, 2026, remain a key catalyst for assessing macroeconomic resilience and its influence on mega-cap equity valuations.

Latest Updates · 1

  1. Notable·

    Update: Analysts expect NVIDIA to report earnings per share of $1.76 and revenue of $78.42 billion in its upcoming release. Markets are also monitoring the company's gross margin, which is projected to reach 75%, while its market capitalization currently stands at $5.7 trillion with a trailing P/E ratio of 44.66.