Jensen Huang Just Sent a Signal That Could Matter More Than the September Effect
Nvidia just gave investors a new reason to look past short-term market volatility.
Overview
Historically, September has been a difficult month for Wall Street. The S&P 500 has fallen by an average of about 1.1% during the month from 1926 through 2024. Yet Nvidia (NASDAQ: NVDA) stock has gained ground in seven of the past 10 Septembers, with a median return of about 1.5%. Hence, while the September Effect may offer a reason for some caution around the overall stock market, it hasn't been such a negative indicator for Nvidia's stock.
And recently, CEO Jensen Huang also gave investors a potentially more important signal. He said Nvidia expects revenue to grow about 70% in its fiscal 2028, which begins Jan 31, 2027. But management says even that forecast doesn't reflect the full scope of demand for its offerings; it's constrained by the limited supply of components required to build its artificial intelligence (AI) platforms.
Nvidia CEO Jensen Huang. Image source: Nvidia.
Details
Source
Originally published at www.fool.com.
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