Nvidia projects 70% revenue growth in 2028
TL;DR
Nvidia has projected 70% revenue growth for its next fiscal year, pushing the stock up in after-hours trading. Revenue for the most recent quarter came in at $96.2bn, ahead of expectations. CFO Colette Kress said the company remains supply constrained and could otherwise double revenue next year. Nvidia also defended its practice of providing capital solutions to its own customers.
Nauti's Take
A 70% growth projection shows demand for AI compute is real rather than announcement-driven, which is a good signal for anyone building on that infrastructure. The open question is Nvidia supplying capital to customers who then spend it on Nvidia chips.
Investors should examine those loops closely, while teams deploying AI can plan on steadier supply.
Sources