Nvidia’s latest earnings release sparked gains across AI hardware stocks tracked by WEEX TradFi. On Aug. 27, Nvidia reported $96.2 billion in revenue for fiscal 2027 Q2, up 106% year over year, while data center revenue reached $89.0 billion, rising 117% from a year earlier. The company also issued Q3 revenue guidance of $108 billion and said fiscal 2028 revenue is expected to grow by about 70%.
Following the release, several related names moved higher. WEEX TradFi data showed Lumentum (LITE) gaining 10.16% over 24 hours, Arm (ARM) rising 8.19%, and Western Digital (WDC) advancing 7.82%.
WEEX Labs said the latest move was driven by an “AI inflection point + strong growth guidance.” It added that capital is rotating from GPUs into optical interconnect and storage. In WEEX Labs’ view, the near-term trading focus remains the market’s repricing of forward guidance, while investors should watch for pullbacks after expectations are priced in.
Odaily reported on Aug. 27 that Nvidia released its earnings results, posting fiscal 2027 Q2 revenue of $96.2 billion, up 106% year over year. Data center revenue came in at $89.0 billion, up 117%.
The company guided for Q3 revenue of $108 billion and said fiscal 2028 revenue is expected to increase by about 70%.
AI hardware stocks moved higher
According to WEEX TradFi, AI hardware names also rose after the results. Lumentum (LITE) gained 10.16% over 24 hours, Arm (ARM) rose 8.19%, and Western Digital (WDC) added 7.82%.
WEEX Labs view
WEEX Labs said the move was driven by an “AI inflection point + strong growth guidance.” It said capital is spreading from GPUs to optical interconnect and storage. The firm added that the short-term focus remains repricing around guidance, while caution is warranted over potential pullback volatility after expectations are met.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
