https://www.live-feeds.com/feed/nvidia-forecasts-fiscal-28-revenue-growth-of-70-soaring-past-estimates-live-updatesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nvidia-forecasts-fiscal-28-revenue-growth-of-70-soaring-past-estimates-live-updateshttps://www.live-feeds.com/feed/nvidia-forecasts-fiscal-28-revenue-growth-of-70-soaring-past-estimates-live-updates#u52854Mon, 31 Aug 2026 07:26:53 +0000Nvidia stock rose between 4% and 6% after reporting Q2 revenue of $96.2 billion and profits of $59.69 billion. CFO Colette Kress projected 70% revenue growth for fiscal 2028, a figure that surpassed Wall Street expectations. Data center sales drove much of this momentum with a 117% year-over-year increase. Despite the record gains, management warned that memory margins are declining and the situation will worsen before it improves. The company also identified a $40 billion revenue opportunity linked to its agentic AI Vera CPUs.Why it mattersThe surge reflects massive corporate spending on AI i https://www.live-feeds.com/feed/nvidia-forecasts-fiscal-28-revenue-growth-of-70-soaring-past-estimates-live-updateshttps://www.live-feeds.com/feed/nvidia-forecasts-fiscal-28-revenue-growth-of-70-soaring-past-estimates-live-updates#u50147Thu, 27 Aug 2026 13:55:58 +0000Nvidia shares rose 4% after the company reported that profits doubled to $59.69 billion, driven by AI spending. The chipmaker's quarterly revenue more than doubled, and its CFO forecasts revenue growth of 70% for fiscal 2028. This projection exceeds Wall Street estimates and positions Nvidia to potentially become the second-largest technology company by revenue. While current financial performance is strong, investors are focused on the sustainability of the AI trade and the company's future valuation.Why it mattersNvidia is the primary supplier of hardware for artificial intelligenc