Nvidia forecast 70% revenue growth for fiscal 2028, far exceeding the analyst consensus estimate of 44%. Based on projected revenue of $396 billion for fiscal 2027, sales would reach $673 billion the following year, putting Nvidia ahead of Apple and Alphabet and behind only Amazon among U.S. tech companies. Nvidia’s revenue doubled in the latest quarter year-over-year, though supply constraints, particularly in memory components, prevented even higher guidance. Demand for Nvidia’s chips, previously driven by a handful of hyperscalers and large AI labs, is now broadening to include startups, enterprises and regional AI companies. CEO Jensen Huang stated that demand is substantially greater than the 70% forecast and that the company is working to expand its supply chain.
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