- Nvidia said FY28 revenue growth will reach about 70%, versus a 44% average analyst estimate, implying roughly $673 billion in sales based on the FY27 consensus.
- The company said AI demand is broadening beyond a small group of hyperscalers to regional AI companies, neo-clouds, startups, enterprises and multiple frontier labs.
- Memory shortages tied to AI infrastructure buildouts are constraining how quickly Nvidia can expand supply, even as demand exceeds the 70% forecast.
- Nvidia shares showed a muted initial market reaction despite record results and stronger-than-expected guidance, reflecting investor concerns about AI infrastructure overspending and trade durability.
Quotes
“Our demand is much greater than 70%”
“Demand is accelerating”
“AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue”