Nvidia forecasts $673B in sales as AI demand widens beyond hyperscalers
Nvidia projects $673B in sales as AI demand widens
Nvidia projects 70% revenue growth in fiscal 2028, implying annual sales of roughly $673 billion—surpassing Apple and Alphabet to become the second-largest US tech company by revenue. The forecast, delivered by CFO Colette Kress, far exceeds analyst estimates and reflects broadening demand from regional AI firms, neoclouds, startups, and enterprises. Despite supply constraints, CEO Jensen Huang emphasizes that demand exceeds 70%, and the company is expanding its role to finance infrastructure, including a $105 billion Ohio campus and up to $500 billion in data-center financing, raising questions about circular funding.
Our demand is much greater than 70%. Our supply allows us to confidently deliver 70%, and we’re going to continue to work with our supply chain to increase on on that.