Nvidia CFO Projects Up to 70% Revenue Growth in Fiscal 2028

Nvidia shares rose over 5% after the company reported better-than-expected second-quarter results and issued a rare long-term forecast, with CFO Colette Kress projecting revenue could grow as much as 70% in fiscal year 2028. The forecast, which far exceeded analyst estimates of 44-45% growth, signals sustained AI infrastructure demand. Management indicated sales would have been even higher without component supply constraints, with CEO Jensen Huang stating AI has reached its inflection point. Analysts called the outlook a significant upside surprise, noting Nvidia rarely provides such long-term guidance. Major tech firms including Amazon, Meta, Google, and Microsoft rely on Nvidia chips for AI tools, positioning the company as a key beneficiary of growing semiconductor demand.