Nvidia Stock Soars After Making $96B in Just 3 Months: CFO Says It Could Have Made Twice as Much

Nvidia plans to achieve 70% revenue growth next year despite considerable memory supply constraints. (Credit: Pexels)

Nvidia shares surged by nearly 7% during premarket hours on Thursday after the company doubled its fiscal Q2 revenue to $96.22 billion from $46.74 billion a year earlier. Adjusted earnings per share also surged by over 120% to $2.22 from $1.01 a year earlier.

For fiscal Q3, the company expects around $108 billion in revenue with gross margins of 74%. However, Nvidia chief financial officer Colette Kress said during the earnings call that the company remains 'supply constrained'; otherwise, it could double the revenue next year.