Nvidia and Broadcom: Comparing AI Revenue Growth Projections
Both Nvidia (NVDA) and Broadcom (AVGO) are benefiting from the artificial intelligence hardware boom but through different strategies. In its latest quarter, ending July 26, 2026, Nvidia reported $96.2 billion in revenue with data center sales accounting for nearly all of it at around $89 billion. The company expects continued strong performance and guided toward a roughly 70% growth rate in fiscal 2028 due to high demand outpacing production capacity. Broadcom, meanwhile, reported AI semiconductor sales of $16.7 billion in its quarter ending August 2, representing over half of total revenue and up sharply from the prior year. The company has an even more aggressive growth forecast: projecting AI chip revenue will reach nearly $230 billion by fiscal 2028. While both companies are growing rapidly, Broadcom's projected percentage increase in AI semiconductor sales is higher than Nvidia’s overall revenue growth rate for the same period.
Topics: AI data center revenue Nvidia earnings semiconductors