Nvidia forecasts Q3 revenue of $108B, above a $104B estimate, and expects FY 2028 revenue to grow by about 70%; NVDA jumps 4%+ after hours (Deborah Mary Sophia/Reuters)

Nvidia's quarterly revenue more than doubled to $96.2 billion, surpassing Wall Street expectations. The company forecasts third-quarter revenue of $108 billion, above a $104 billion estimate. Nvidia also expects its revenue to grow by about 70% in fiscal 2028.

The chipmaker announced an expansion of its partnership with Amazon's cloud computing unit, Amazon Web Services, to deploy an additional 2 million Nvidia GPUs across Amazon's global infrastructure in 2027 and 2028, according to The Business Times - Companies & Markets and Straits Times Business.

Nvidia's shares jumped more than 4% in after-hours trading as investors cheered the company's roadmap for growth. The company's results are considered a bellwether for the AI market, as its chips power most of the major data centers and advanced AI models globally. According to Investing.com and Straits Times Business, as of the close, Nvidia shares have gained 12.4% so far this year.

Brief written by urgent.news from Techmeme, The Business Times - Companies & Markets, Straits Times Business, Investing.com, Free Malaysia Today — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.