At a Glance
Nvidia CEO Jensen Huang joked that people he dines with can see their stock prices double the next day.
Nvidia reported $96.2 billion in Q2 revenue, beating the $92.2 billion analyst consensus.
The company expects 70% revenue growth next fiscal year.
Nvidia currently has supply for around 70% of existing customer demand.
LG shares jumped 30% ahead of Huang’s June meeting with its chairman.
Why Huang’s Dinner Table Is Suddenly a Market Story
Jensen Huang’s restaurant choices have become a surprisingly popular market-watching game. The Nvidia CEO says the real signal comes from who joins him for dinner, and sometimes, their stocks take off the next day.
Key Details
During Nvidia’s second-quarter earnings call, Huang joked about the attention surrounding his dinners. He said one of the fun parts is seeing where he eats and who joins him, adding that “their stock price doubles the next day.”
The comment came as Nvidia reported $96.2 billion in revenue, topping the $92.2 billion analyst estimate. The chipmaker also projected 70% revenue growth next fiscal year, well above the 44% analysts had expected.
Huang said Nvidia currently has supply for about 70% of demand from existing customers, with the entire supply chain running at full speed as new capacity comes online.
Market Reaction
There is some history behind Huang’s joke. In June, LG shares climbed 30% around reports that its chairman would meet Huang. Listed LG affiliates also gained between 17% and 29%.
Huang has also dined with executives from SK Group, Samsung, Hyundai, TSMC, Oracle and others during trips across Asia and the U.S.
Why It Matters
For traders, Huang’s dinner calendar has become an unusual sentiment signal around the AI supply chain. Meetings with major chip buyers, manufacturers and technology groups can spark speculation about future deals, demand and capacity.
Nvidia’s supply constraints remain the bigger story. Investors will be watching new capacity, customer demand and whether the company can deliver on its aggressive growth outlook.
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Source: Yahoo Finance
Time: 08:00 AM EEST
