Nvidia Forecasts Continued AI-Driven Growth Through 2028
Nvidia Corp., a leader in artificial intelligence hardware, has projected a revenue growth of approximately 70% for fiscal 2028 during its post-earnings call. This forecast exceeds analyst expectations and suggests sustained momentum in the AI sector despite concerns about potential market saturation or overvaluation. The company reported second-quarter sales of $96.2 billion, more than double from a year ago, with strong performance driven by demand for data center solutions used to train large-scale AI models. CFO Colette Kress noted that customer forecasts indicate growth could potentially double next year if supply constraints are alleviated. Nvidia's stock rose 6.4% pre-market following the announcement as investors welcomed signs of continued strength in its core business, which has been central to gauging broader industry health.
Topics: AI chip industry market outlook revenue growth