Nvidia stock price jumps on stunning growth forecast as Hugging Face acquisition rumors swell

Shares in Nvidia Corporation (Nasdaq: NVDA) are up in premarket trading on Thursday, one day after the world’s largest technology company announced not only better-than-expected quarterly results, but full fiscal year guidance that surprised even many AI bulls. Separately, there are reports the company has offered to buy the popular AI repository Hugging Face for almost $13 billion. Here’s what you need to know. Nvidia’s revenue surges more than 100% in Q2 2027 Yesterday, Nvidia announced its second-quarter results for fiscal 2027. The company reported revenue of $96.2 billion and data center revenue of $89.0 billion, representing year-over-year growth of 106% and 117%, respectively. Adjusted earnings per share were $2.22, up around 120% year over year. To put those numbers into further context, they handily beat analysts’ already-lofty expectations. As noted by CNBC, LSEG analysts were expecting revenue of $92.17 billion and an adjusted EPS of $2.10. Announcing the figures, Nvidia CEO Jensen Huang argued that artificial intelligence has now “reached its inflection point.” More importantly to investors, Huang added that AI demand “is accelerating” and, crucially, the majority of N…