Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-08-27T13:25:17+00:00
With Nvidia's (NVDA) stock stuck in neutral for the better part of the summer as investors have fretted aboutpeak artificial intelligence growth, the chip darling decided to take one swift measure to silence the naysayers. The action: serving up a rare long-term outlook that blew everyone on the Street away. Nvidia said late Wednesday after reporting itsfiscal second quarter earningsthat it sees 70% revenue growth for fiscal year 2028. This was above analyst forecasts for 45% growth. The sales gain would be larger if not formemory chip shortages, said Nvidia CEO Jensen Huang. "The first ever year ahead guidance is the real news," Stifel analyst Ruben Roy wrote in a note. "We think the more revealing point is why they guided at all. Management framed it as getting customers, shareholders an
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.