Nvidia projects 70% revenue growth in 2028
Nvidia forecasts 70% revenue growth in fiscal 2028 driven by AI demand. Quarterly revenue hit $96.22 billion, beating estimates. CFO Colette Kress identified a $40 billion revenue opportunity for agentic AI Vera CPUs. The strong earnings report sparked an AI stock rally and boosted Taiwan's TAIEX index.
What changed
Nvidia CEO Jensen Huang's net worth has surpassed that of Mark Zuckerberg and Larry Ellison, driven by the company's strong earnings report and optimistic revenue forecast.
Live updates
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Nvidia Drives AI Stock Rally with 70% Revenue Growth Forecast
Nvidia forecasts 70% revenue growth in fiscal 2028 driven by AI demand. Quarterly revenue hit $96.22 billion, beating estimates. CFO Colette Kress identified a $40 billion revenue opportunity for agentic AI Vera CPUs. The strong earnings report sparked an AI stock rally and boosted Taiwan's TAIEX index.
Why it matters
The surge in Nvidia's stock has propelled CEO Jensen Huang past Mark Zuckerberg and Larry Ellison on the list of the world's richest individuals. AI investment is reshaping the US economy, potentially influencing the Federal Reserve's decisions. The growth in AI demand is also impacting other industries, such as defense and commercial aviation.
What is confirmed
- Nvidia forecasts 70% revenue growth in fiscal 2028
- Nvidia's quarterly revenue reached $96.22 billion
- Jensen Huang has surpassed Mark Zuckerberg and Larry Ellison on the list of the world's richest individuals
- AI investment is reshaping the US economy
Still unconfirmed
- M-tron Industries expects growth in defense, commercial aviation, and RF technology businesses
What to watch next
- Federal Reserve's response to AI-driven economic changes
- Nvidia's quarterly earnings reports for continued growth
- Regulatory developments in the AI sector
confidence 90%Sources used for this update (5)
- latination.com — Nvidia’s latest surge pushes Jensen Huang past two tech titans on the world’s richest list
- www.financial-world.org — AI investment puts Kevin Warsh’s Jackson Hole message under an inflation test
- finance.yahoo.com — M-tron Industries Eyes 2028 Defense Boom as Missile, Radar Demand Builds
- www.fool.ca — These 3 Canadian Dividend Stocks Are Great for Retirees
- en.ara.cat — Immersed in artificial intelligence: "We have 10 Manhattan projects"
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Nvidia projects 70% revenue growth in 2028 driven by AI demand
Nvidia forecasts 70% revenue growth in fiscal 2028, driven by increasing demand for artificial intelligence. The company's quarterly revenue reached $96.22 billion, surpassing estimates. Nvidia's CFO Colette Kress identified a $40 billion revenue opportunity for its agentic AI Vera CPUs. The company's strong earnings report has sparked a rally in AI stocks and Taiwan's TAIEX index.
Why it matters
Nvidia's impressive quarterly performance and growth projections have significant implications for the AI industry and the company's position within it. The company's revenue growth is closely tied to the increasing demand for AI technology. Nvidia's CFO has identified a substantial revenue opportunity in the agentic AI Vera CPUs.
What is confirmed
- Nvidia projects 70% revenue growth in fiscal 2028
- Nvidia reported $96.22 billion in quarterly revenue
- Nvidia's CFO Colette Kress sees a $40 billion revenue opportunity for its agentic AI Vera CPUs
- Nvidia's earnings sparked a 0.8% boost in Taiwan's TAIEX index
- TSMC saw positive growth projections due to Nvidia's demand
Still unconfirmed
- Elon Musk claims SpaceX could reach $3.5 trillion in annual revenue by 2033
- Raymond James analyst Simon Leopold believes it seems possible for Nvidia to achieve $1 trillion in annual revenue
What to watch next
- Nvidia's quarterly revenue reports for future growth
- Developments in AI technology and demand
- TSMC's growth projections and performance
confidence 95%Sources used for this update (5)
- www.livemint.com — Explained | How Nvidia's solid earnings sparked a rally in Taiwan Index and AI stocks
- timesofindia.indiatimes.com — Nvidia CEO Jensen Huang to everyone blaming him for AI bubble: You are missing the point
- blockonomi.com — Elon Musk Projects SpaceX (SPCX) Could Generate $3.5 Trillion Annually by 2033
- www.tradingkey.com — Nvidia Stock Forecast: Could Annual Revenue Reach $1 Trillion, and How Much Upside Does NVDA Have?
- www.theglobeandmail.com — Nvidia (NVDA) Earnings Call Highlights AI Supercycle
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Nvidia forecasts 70% revenue growth in fiscal 2028
Nvidia projects 70% revenue growth in fiscal 2028, driven by AI demand. The company reported $96.22 billion in quarterly revenue, beating estimates. Nvidia's CFO Colette Kress said the company sees a $40 billion revenue opportunity for its agentic AI Vera CPUs.
Why it matters
Nvidia's revenue growth is driven by increasing demand for AI technology. The company's strong forecast has boosted investor confidence, with Nvidia shares jumping nearly 8%. The AI spending boom is expected to continue, with Nvidia at the forefront.
What is confirmed
- Nvidia forecasts 70% revenue growth in fiscal 2028
- Nvidia's quarterly revenue reached $96.22 billion, beating estimates
- Nvidia sees a $40 billion revenue opportunity for its agentic AI Vera CPUs
What to watch next
- Nvidia's Q3 earnings report
- Developments in AI technology and demand
- Competition in the AI chip market
confidence 95%Sources used for this update (13)
- NVIDIA Newsroom — NVIDIA Announces Financial Results for Second Quarter Fiscal 2027
- Reuters — Nvidia forecasts quarterly revenue above estimates
- CNN — Nvidia doubles its sales, but investors have their eye on the future
- Axios — Nvidia projects 70% revenue growth in 2028
- Morningstar — Nvidia: What We Think of the Stock After Earnings
- www.techspot.com — Nvidia posts another record quarter, predicts explosive AI-driven growth will last through 2028
- www.cfodive.com — Nvidia CFO predicts 70% revenue jump for fiscal 2028
- uk.finance.yahoo.com — Nvidia bets on another blockbuster year, guiding for 70% growth into 2028
- www.analyticsinsight.net — Nvidia Jumps 8% as Strong Revenue Outlook Drives Gains in Technology Stocks
- www.forbes.com — Nvidia Earnings Scorecard: AI Demand Is Booming, But Risks Remain
- 247wallst.com — How High Can Nvidia Stock Go? Wall Street’s Next Target May Surprise You
- www.aol.com — Will Nvidia or Apple Have The Bigger Market Cap By The End of Q3?