Nvidia Forecasts 70% Revenue Growth as AI Investment Momentum Continues
Nvidia shares rose nearly 6% in premarket trading after the company announced a forecast of 70% revenue growth for its next fiscal year, ending January 2028. This outlook significantly exceeds Wall Street expectations and underscores sustained demand for artificial intelligence infrastructure globally. The chipmaker attributed this strong performance to broadening AI adoption across hyperscale tech firms, enterprises, sovereign clients, industrial users, and specialized labs like OpenAI. CEO Jensen Huang emphasized that the AI market has reached an inflection point where computing power is directly tied to revenue generation. Despite supply constraints due to component shortages, Nvidia expects its Vera Rubin platform to contribute significantly to data centre revenue in the coming quarter. Nvidia also announced a partnership expansion with Amazon Web Services (AWS), planning to deploy two million additional graphics processors across AWS's cloud infrastructure by 2028.
Tickers: $NVDA
Topics: AI chipmakers market_demand revenue_growth