NVIDIA announced its financial results for the second quarter of fiscal year 2027 this morning. Total revenue for the quarter reached $96 billion, more than double year over year. Data center revenue was $89 billion, and net profit grew 126% year over year.
On this day last year, the same Q2 earnings report showed revenue of $46.7 billion, surging 56% year over year, and profits were also spectacular. The result was that the stock price first fell in a gesture of respect—perfectly illustrating the truth that “when good news is already fully priced in, it can become bad news.”
There are no two identical leaves in the world. Even if history repeats itself, the script will never be the same. Once the earnings report came out today, NVIDIA’s stock price briefly dipped to around 204 yuan and then quickly rose to 220 yuan. This shows that the market is generally optimistic about it—Wall Street analysts really don’t disappoint.
Next, Nvidia should continue to move steadily higher in a period of consolidation, and breaking the previous round’s high of 228 yuan is just a matter of time.
