Nvidia posted second quarter revenue of 96.2 billion dollars, well ahead of the 92.2 billion dollars Wall Street had penciled in, and told investors it expects revenue growth of roughly 70 percent for the coming fiscal year, far above the 44 percent analysts had projected. The stock jumped more than 4 percent in after hours trading once the numbers landed.
On the earnings call, chief executive Jensen Huang addressed a pattern that has become something of a running joke on Wall Street: companies whose stock jumps after their leaders are photographed having dinner with him. Huang acknowledged the effect himself, joking that whoever dines with him tends to see their stock price roughly double the next day.
The dynamic traces back to a series of high profile meals. In June 2026, Huang was photographed at a Korean barbecue restaurant in Seoul with SK Group chairman Chey Tae-won, LG Group chairman Koo Kwang-mo, and Naver founder Lee Hae-jin, grilling meat and wrapping it in perilla leaves. Once reports of the planned dinner circulated, LG's stock rose about 30 percent, and several LG affiliated companies gained between 17 and 29 percent. A similar pattern played out the previous October, when shares of fried chicken chains and related suppliers rallied after Huang dined with Samsung and Hyundai executives. A blog has since sprung up specifically to track where Huang eats around the world, alongside other widely reported meals with figures including Larry Ellison and Elon Musk at Nobu.
Behind the lighter moment, Nvidia's underlying business remains supply constrained. The company said it currently has enough capacity to meet about 70 percent of the demand its customers are placing, meaning even a blowout quarter and an aggressive growth forecast come with a reminder that Nvidia is still working to catch up with orders rather than chasing new ones.