Nvidia forecasts 70% revenue growth in fiscal 2028 driven by AI demand

Key Takeaways

Nvidia forecasts 70% revenue growth amid AI boom

Nvidia's Chief Financial Officer, Colette Kress, predicts 70% revenue growth in fiscal 2028, driven by the increasing demand for AI-powered computing. The company's revenue more than doubled year-over-year, approaching $100 billion USD, with earnings per share significantly surpassing expectations. Nvidia's strong performance is attributed to its critical role in powering the global AI revolution. The company expects continued strength in the current quarter, with estimates being beaten.

Nvidia doubles revenue thanks to AI boom

Nvidia's quarterly revenue more than doubled thanks to the ongoing AI boom, with data centers accounting for $89 billion. The company expects 70% revenue growth in fiscal 2028, with CFO Colette Kress highlighting the broadening demand from hyperscalers, AI labs, startups, and enterprises. Nvidia's strong performance is driven by the growing demand for AI infrastructure.

Nvidia forecasts 70% sales growth amid AI spending boom

Nvidia forecasts 70% revenue growth for fiscal 2028, signaling strong AI computing demand. The company's quarterly revenue more than doubled to $96.22 billion, beating estimates. Nvidia's CEO, Jensen Huang, said AI has reached its inflection point, and compute is revenue.

Nvidia forecasts 70% sales growth next year

Nvidia forecasts 70% revenue growth for fiscal 2028, driven by AI spending boom. The company's second-quarter revenue more than doubled to $96.22 billion, surpassing Wall Street estimates. Nvidia's Vera Rubin platform will account for about a fifth of its overall data center revenue in the current quarter.

Cloverleaf AI raises $8 million

Cloverleaf AI raises $8 million in Series A funding to bring pre-RFP intelligence to B2G sales teams nationwide. The platform continuously monitors public-sector agencies and speakers, providing territory-specific intelligence to help government sellers win before the RFP drops.

Cloverleaf AI raises $8M Series A

Cloverleaf AI raises $8 million in Series A funding for B2G sales intelligence. The company plans to use the funds to enhance its AI-powered sales intelligence platform, providing real-time data and insights to help businesses make informed decisions.

Nvidia is like the central bank of AI

Nvidia's stock has risen over 1,000% in the past five years, driven by the growing importance of AI in the economy. The company's GPU technology is at the heart of many AI applications, and its stock has benefited from the growing demand for its products.

Dan Ives on AI trade

Dan Ives says the AI trade is only in the 'third inning.' The focus for businesses is shifting from buying chips to monetizing AI across infrastructure, cloud, and software. Ives believes investors should stay long AI stocks, as the market is likely to continue to grow in the coming years.

Vietnam urges Qualcomm, Samsung to invest in AI

Vietnamese leaders have urged Qualcomm and Samsung to increase investment in AI, chip, and semiconductor industries. The country is shifting towards a growth model driven by science, technology, innovation, digital transformation, and artificial intelligence.

Enterprise AI gains ground

New AI tools have moved deepest into data and technology, while firms report strong results and keep raising budgets despite long payback timelines. Most financial services and healthcare firms report broad or embedded use of new AI in data and technology.

Penn State AI guide for students

Penn State is expanding AI literacy and skill-building opportunities for students across the university. Beginning this fall semester, all Penn State students will have access to AI Essentials, a self-paced online AI literacy course, and AI Studio, a generative AI platform.

Equinix AI power-grid push

Equinix is pushing for clearer reliability rules, more transparent cost allocation, and workable bilateral procurement to support large, AI-driven data center loads. The company's efforts could lead to increased demand for its services, making it an attractive investment opportunity.

Travelers intend to use AI for planning

New research suggests consumer adoption of AI for travel planning is faster than brand adoption of AI. Destination Marketing Organizations risk irrelevance if they don't prioritize utility, structure content around traveler questions, and embrace a test-and-learn approach.

AI in Massachusetts Senate primary

Artificial intelligence has become a key issue in the Massachusetts Senate Democratic primary, with Rep. Seth Moulton using it as a campaign issue against Sen. Ed Markey. Markey has the backing of Anthropic, a crucial AI player.

Sources

• Nvidia CFO: Revenue to Grow 70% Amid High AI Demand
• Nvidia doubles revenue thanks to ongoing AI boom
• Nvidia’s 70% sales growth forecast sends a message to AI doubters. What did CEO Jensen Huang say?
• Nvidia forecasts 70% sales growth next year as it remains bullish on AI spending boom
• Cloverleaf AI Raises $8 Million Series A to Bring Pre-RFP Intelligence to B2G Sales Teams Nationwide.
• Dealroom.co | Cloverleaf AI raises $8M Series A for B2G sales intelligence
• Nvidia is looking more like the central bank of AI: Chart of the Day
• Dan Ives Says the AI Trade Is Only in the "Third Inning." Should Investors Stay Long AI Stocks?
• Vietnam urges Qualcomm, Samsung to deepen AI, chip investment as it seeks tech upgrade
• Enterprise AI Gains Ground, but Scale Remains Uneven
• A student guide to AI at Penn State: Resources and tips to know this fall
• Equinix’s AI Power-Grid Push Might Change The Case For Investing In Equinix (EQIX)
• ​​75% Of Travelers Intend To Use AI And Brands Are Lagging Behind
• AI bursts to the front of Massachusetts Democratic Senate primary