NVIDIA's Strong Earnings Push AI Stocks Higher After Hours

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A market rally followed NVIDIA’s strong Q3 earnings, reported by MarsBit on August 27. The chipmaker’s revenue is expected to grow nearly 70% year-over-year, driving AI stocks higher in after-hours trading. NVIDIA (NVDA) rose over 4%, while Nebius (NBIS) climbed 6.27%. The Fear & Greed Index shifted toward optimism, as the storage and optical communication sectors also gained momentum.

Huo Xing Finance reports that on August 27, according to BIT (bit.com) market data, following the close of U.S. markets on Wednesday, NVIDIA announced its latest quarterly earnings, which again exceeded market expectations, and forecasted approximately 70% revenue growth for the next fiscal year, driving after-hours gains in AI-related stocks. The storage sector rose collectively, with SK Hynix (SKHY) up 4.48%, SanDisk (SNDK) up 3.71%, Micron Technology (MU) up 3.67%, Seagate Technology (STX) up 3.15%, and Western Digital (WDC) up 3.11%. The Neocloud sector saw broad gains, with Nebius (NBIS) up 6.27%, CoreWeave (CRWV) up 4.76%, Applied Digital (APLD) up 3.26%, and both IREN and Core Scientific (CORZ) up 3.16%. All optical communication stocks advanced, with Applied Optoelectronics (AAOI) up 4.25%, Marvell Technology (MRVL) up 4.08%, Credo (CRDO) up 3.78%, Coherent (COHR) up 3.35%, and Astera Labs (ALAB) up 3.34%. Semiconductor stocks also strengthened in tandem, with Arm up 4.18%, Marvell Technology and NVIDIA (NVDA) both up 4.08%, Lam Research (LRCX) up 2.65%, and KLA Corporation (KLAC) up 2.42%.

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