Jensen Huang's Nvidia Guided for 70% Revenue Growth in Fiscal 2028, Far Above the 44% Wall Street Expected, as Amazon Agreed to Buy 2 Million Nvidia GPUs. Is the Growth Forecast Believable?
Yahoo Finance ·
It's normal for companies to offer guidance about the revenue they expect in the current year, but investors rarely receive two-year outlooks from companies. Nvidia ( NVDA +1.66% ) just broke that convention, with CFO Colette Kress telling analysts on its fiscal 2027 Q2 earnings call that Nvidia expects to deliver 70% year-over-year revenue growth in its fiscal 2028. Kress also said that the 70% figure reflects supply constraints, and that absent the bottlenecks in the supply chain, its revenue could actually more than double year over year in fiscal 2028. Although it would be easy to get excited about such a forecast, investors also have to assess the likelihood of it being achieved. Surprisingly, Nvidia has a shot at doubling its sales yet again. Amazon ( AMZN -1.18% ) is one of Nvidia's top customers, and its recent order of 2 million GPUs (graphics processing units) to be delivered across 2027 and 2028 adds credibility to the 2028 forecast.
DYAX Investor Sentiment
Bullish (Long) 33% · Bearish (Short) 67%
408 participants
Related News
- Why Fair Isaac Stock Crashed Today
- Meta Platforms (META) Debuts Muse Spark 1.3 For Developers
- Eos Energy (EOSE) Stock Fair Value Falls As Analysts Weigh Growth Against Execution Risk
- Stocks Fall, Rebound Bullishly; Snowflake, Dell, Tesla, Jobs Report In Focus: Weekly Review
- TSLA Stock Slides 6% — Wells Fargo Says Cybercab Launch Likely Fell Short Of Investor Expectations
- Google (GOOGL) launches Lyria 3.5 Music Generation Model in Gemini App and API
