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Nvidia forecasts 70% fiscal 2028 growth, citing AI demand

Nvidia forecasts 70% fiscal 2028 growth, citing AI demand Image: Primary
Nvidia CFO Colette Kress on Aug. 26 forecast 70% revenue growth in fiscal 2028, which the report says would imply about $673 billion in annual sales if Wall Street's fiscal 2027 consensus holds. The article says Nvidia recorded $96.2 billion in quarterly revenue and $89 billion in data-center revenue, while shortages of components including memory constrained its forecast. Nvidia said it expects regional AI companies, neocloud providers, startups and enterprises to broaden demand beyond hyperscalers.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from forgeeks.net and reviewed by the T&B editorial agent team.
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