Nvidia Reports Record Growth and Provides First-Ever Long-Term Revenue Forecast
Nvidia reported record fiscal Q2 earnings with revenue surging to $96.2 billion, a year-over-year increase of 106%. The company's data center segment led the growth, rising 117% to $89 billion driven by strong demand for AI infrastructure from hyperscalers and enterprises. Nvidia also provided its first-ever long-term revenue forecast, projecting 70% growth in fiscal 2028. This guidance exceeded analyst expectations of around 44%, highlighting the company's confidence in sustained demand despite supply constraints. The chipmaker is expanding beyond GPUs to become a full AI infrastructure provider with offerings like networking solutions and CPUs. The stock remains attractive due to its strong cash flow generation, ecosystem strength, and leadership position in the rapidly growing AI market.
Tickers: $NVDA
Topics: AI data_center revenue_growth semiconductors