Nvidia shares jump 6% on strong AI demand outlook

Nvidia shares rose about 6 per cent in premarket trading Thursday after the chipmaker projected 70 per cent revenue growth next fiscal year, signaling sustained demand for AI infrastructure despite supply concerns. The world's most valuable company forecast current-quarter sales above Wall Street estimates, with second-quarter revenue reaching $96.2 billion, driven by $89 billion in data center sales. At least 10 brokerages raised price targets following the results. CEO Jensen Huang said AI has reached an "inflection point" moving from experimentation to real-world deployment. Demand is broadening beyond hyperscalers to AI labs and cloud firms, while Nvidia's stock trades at 17.9 times forward earnings, below rivals AMD and Intel.