Nvidia earnings boost NASDAQ futures as software sector rides the wave

Nvidia just posted the kind of quarter that makes other companies’ “record results” look quaint. The chipmaker reported $96.2 billion in revenue for its second quarter of fiscal 2027, a 106% jump from the same period a year ago. That number blew past Wall Street estimates and sent Nasdaq futures climbing 1.1% in early trading on August 27. Nvidia’s stock responded with roughly a 7% gain in premarket trading. The numbers behind the surge The engine driving Nvidia’s results remains its data center business, which pulled in $89.0 billion in revenue. That’s a 117% increase year-over-year, confirming that corporate appetite for AI infrastructure hasn’t faded despite months of hand-wringing about whether spending would slow down. Adjusted earnings per share came in at $2.22, again beating consensus estimates. Nvidia’s forward guidance gave bulls even more ammunition. The company projected third-quarter revenue of approximately $108 billion, which topped analyst forecasts. It also flagged expected revenue growth of around 70% for fiscal 2028. Semiconductor peers and software stocks join the party Nvidia’s rising tide lifted several boats. Fellow semiconductor names Micron and Marvell both...