Nvidia forecasts fiscal '28 revenue growth of 70%, soaring past estimates: Live updates

JUST IN: $NVDA forecasts fiscal 2028 revenue growth of 70%, blowing past Wall Street's 44% estimate as AI demand shows no sign of slowing.

Seventy percent. That's Nvidia's revenue growth forecast for next fiscal year, and Wall Street had pencilled in 44.

We covered the monster quarter earlier tonight, but this guidance is the real story. CFO Colette Kress told analysts that customer forecasts point to growth doubling next year, and that the only thing holding the number down is supply. Not demand. Supply. The stock popped about five percent on that.

And the buyers keep lining up. Amazon just committed to two million Nvidia GPUs, plus the new Vera CPU. Kress says the top five hyperscalers will spend one point three trillion dollars next year, up from 800 billion. That's trillion with a T, on data centres.

One cloud, literally. Memory is scarce, margins dip into early next year, and Kress admitted the AI buildout itself is causing the shortage. So the machine is now eating its own parts to grow. The only thing that can slow Nvidia down, it turns out, is Nvidia.

This is Sara White, reporting for HIT.