Nvidia Forecasts 70% Revenue Growth in Fiscal 2028 Amid Major GPU Order from Amazon
Nvidia has provided an unusually long-term revenue forecast, projecting a 70% year-over-year growth for fiscal 2028. This is significantly higher than the 44% expected by Wall Street and reflects both strong demand and ongoing supply constraints. The credibility of this ambitious target is bolstered by Amazon's recent agreement to purchase two million Nvidia GPUs over the next few years. Nvidia’s new Vera Rubin architecture, which includes advanced CPUs and GPUs for AI applications, has begun shipping and will contribute significantly in fiscal 2028. This platform has already generated enthusiasm from major tech players like Elon Musk. Additionally, Samsung's long-term memory chip contracts support a robust market environment that benefits Nvidia. Despite its massive size and dominant position in the GPU market, Nvidia continues to achieve rapid revenue growth—most recently posting over 106% year-over-year sales increase for fiscal Q2 of 2027. The company’s strong financial performance and ongoing product innovation suggest it is on track to meet or exceed its ambitious forecast.
Topics: Amazon Orders Nvidia Revenue Growth Supply Chain Constraints