- Nvidia shares rose 5.95% in premarket trading after its revenue outlook reassured investors that AI demand remains strong.
- Nvidia expects 70% revenue growth in FY28 and said supply capacity, rather than demand, limits the forecast.
- Supply constraints at TSMC and shortages of memory chips remain constraints on Nvidia system deliveries.
- Reports said Nvidia is in talks to acquire Hugging Face for about $13 billion; neither company confirmed the discussions in the cited report.
Quotes
“Our demand is much greater than 70%.”
“This time last year, one lab alone was driving the buildout. Today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online — with strong momentum across the U.S. and around the world.”