{"version":1,"type":"story","url":"https://digestai.news/story/nvidias-stock-hits-may-record-as-quarterly-revenue-jumps-41-percent","json":"https://digestai.news/story/nvidias-stock-hits-may-record-as-quarterly-revenue-jumps-41-percent.json","markdown":"https://digestai.news/story/nvidias-stock-hits-may-record-as-quarterly-revenue-jumps-41-percent.md","slug":"nvidias-stock-hits-may-record-as-quarterly-revenue-jumps-41-percent","headline":"Nvidia’s stock hits May record as quarterly revenue jumps 41 percent","summary":"Nvidia’s stock reached a new record of **$237.87** on October 2, surpassing its May 14 peak of **$236.54**, despite the company’s share price remaining nearly unchanged since then. The chipmaker’s market capitalization now stands at approximately **$5.7 trillion**, yet its business has grown significantly: revenue for the fiscal second quarter of 2027 (**$96.2 billion**) marked a **41% increase** over the **$68.1 billion** reported in the prior quarter (ending January 25, 2026). Revenue growth accelerated sharply, with year-over-year increases of **73% in Q4 2026**, **85% in Q1 2027**, and **106% in Q2 2027**, driven primarily by its data center division—now accounting for over **90% of total revenue** in Q2 at **$89.0 billion**. Adjusted earnings per share rose **40%** from **$1.59** in Q4 to **$2.22** in Q2, and Nvidia expects **$108 billion** in revenue for Q3, a **59% jump** from Q4’s **$68.1 billion**.\n\nThe author notes that while the stock’s price-to-earnings ratio has improved—dropping from **51x** at the May record to **34x**—growth is decelerating sequentially (**18% in Q2 vs. 20% in Q1**). The article warns that AI data center spending cycles could impact valuations, though the author argues the stock is now a better value than in May, citing stronger earnings growth.","keyPoints":["Nvidia’s stock hit **$237.87** on October 2, matching its May 14 record of **$236.54** despite unchanged share price since then","Quarterly revenue surged **41%** to **$96.2 billion** in Q2 2027, with data center revenue at **$89.0 billion**—over **90% of total**","Adjusted earnings per share rose **40%** to **$2.22**, and Nvidia guided for **$108 billion** in Q3 revenue, a **59% increase**"],"whyItMatters":"Nvidia’s revenue growth and improved earnings efficiency signal continued dominance in AI chips, but slowing sequential growth raises questions about long-term demand. The stock’s valuation gap from May could attract investors, though market cycles remain a risk.","category":{"slug":"hardware","name":"Hardware & Compute","url":"https://digestai.news/category/hardware"},"entities":{"companies":["Nvidia"],"models":[],"people":[]},"firstPublishedAt":"2026-10-02T01:47:00Z","updatedAt":"2026-10-02T01:47:00Z","sourceCount":1,"hasPrimarySource":false,"sources":[{"outlet":"fool.com","title":"Nvidia Stock Is Back at Its May Record. Its Quarterly Revenue Is 41% Higher.","url":"https://fool.com/investing/2026/10/02/nvidia-stock-is-back-at-its-may-record-its-quarterly-revenue-is-41-higher","publishedAt":"2026-10-02T01:47:00Z","type":"press","primary":false,"lead":true}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Nvidia’s stock hits May record as quarterly revenue jumps 41 percent\", 2 October 2026, https://digestai.news/story/nvidias-stock-hits-may-record-as-quarterly-revenue-jumps-41-percent","publisher":"Digest AI","title":"Nvidia’s stock hits May record as quarterly revenue jumps 41 percent","datePublished":"2026-10-02T01:47:00Z","url":"https://digestai.news/story/nvidias-stock-hits-may-record-as-quarterly-revenue-jumps-41-percent"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}