Nvidia's 70% growth forecast could make it tech's No. 2 revenue spot

cnbc.com

Nvidia forecast 70% revenue growth for fiscal 2028, positioning it to become the second-largest U.S. tech company by revenue, behind only Amazon. The forecast, announced by CFO Colette Kress, far exceeded the 44% average analyst estimate. Based on projected fiscal 2027 revenue of $396 billion, sales would reach $673 billion, surpassing Apple and Alphabet. CEO Jensen Huang cited demand exceeding 70%, constrained only by supply shortages. He noted a broader customer base beyond hyperscalers, including regional AI firms and startups, with growth driven by expanding AI adoption.


With a significance score of 4.1, this news ranks in the top 4.9% of today's 33283 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Nvidia's 70% growth forecast could make it tech's No. 2 revenue spot | News Minimalist