New Delhi, Aug. 27 -- NVIDIA's second-quarter (Q2) results exceeded expectations, and its revenue guidance for the next financial year beat estimates. However, none of this moved the market. The stock declined 1.59% to end at $209.66 on Nasdaq on 26 August.

The chipmaker's revenue for the July quarter more than doubled to $96.2 billion, while adjusted profit came in at $2.22 per share.

The momentum is expected to remain strong over the next year, with the company targeting a 70% ​jump in revenue in 2028. Besides, it projected third-quarter revenue of $108 billion, plus or minus 2%.

NVIDIA stock is up 11% year-to-date (YTD). It has a strong growth outlook, and the boom in artificial intelligence is expected to further boost its ea...