Nvidia Sees 70% Revenue Growth Ahead
Nvidia (NASDAQ: NVDA) forecasts a 70% year-over-year revenue growth for fiscal 2028, according to CFO Colette Kress during its Q2 earnings call on July 31, 2023. This estimate is backed by Amazon’s recent order of 2 million GPUs, set for delivery in 2027 and 2028, and the ongoing rollout of its Vera Rubin architecture, which is expected to amplify sales significantly.
In the second quarter of fiscal 2027, Nvidia achieved a 106% revenue increase, continuing its trend of accelerating growth, following an 85% rise in the first quarter. Anticipating supply constraints, Kress indicated the potential for even greater revenue if those bottlenecks are resolved. The fiscal 2028 revenue growth is projected to begin on January 31, 2027.
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