Nvidia's Bullish Sales Outlook
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Nvidia's Bullish Sales Outlook
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Business and finance news from the Asia-Pacific.
Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a bullish sales outlook for fiscal 2028, easing concerns that AI spending is poised to lose momentum. "We expect to grow revenue by approximately 70% in fiscal 2028," Chief Financial Officer Colette Kress said during a post-earnings conference call. Analysts have projected a rise of about 45% for that year, according to data compiled by Bloomberg. Moreover, Nvidia would be growing even faster if it had access to more supplies, she said. "Incredibly, we are seeing demand acceleration even at our scale," she said. "Customers' forecasts point to our growth doubling next year." We spoke to Daniel Newman, CEO of The Futurum Group.
Nvidia's bullish sales outlook boosted stocks and futures, bolstering optimism that this year's rally in artificial intelligence shares has further to run. Bloomberg's Haidi Stroud-Watts spoke to Sean Darby, Asia Managing Director at Mizuho Securities.
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