Nvidia Stock Could Reach $700 Billion in Revenue by January 2028
Nvidia has provided its first-ever full-year-ahead forecast for fiscal 2028, projecting approximately 70% revenue growth. This guidance exceeds Wall Street expectations and suggests the company could reach around $700 billion in sales. CEO Jensen Huang attributed this conservative target to supply chain constraints rather than a lack of demand, noting that memory shortages are limiting production capacity. The potential for outperforming its own forecast is driven by two key factors: rising capital expenditures at major hyperscalers like Amazon and Microsoft, which are expected to spend over $1.3 trillion in 2027; and the rapid growth of Nvidia's ACIE segment (AI clouds, industrial customers, sovereign enterprises), now accounting for half of data center revenue. New use cases such as agentic AI workloads, space exploration hardware, and robotaxi fleets are also increasing GPU demand. Nvidia’s next-generation Vera Rubin platform is expected to capture a larger share of big tech's budgets while diversifying its customer base.
Tickers: $NVDA
Topics: AI growth forecast semiconductors supply chain