Nvidia projects 70% revenue growth for fiscal 2028 amid AI boom

Nvidia AI infrastructure revenue growth semiconductor industry Jensen Huang

Nvidia CEO Jensen Huang has projected that the company could see revenue growth of approximately 70% in fiscal year 2028. This optimistic outlook is driven by sustained demand for artificial intelligence infrastructure, though Huang noted that actual growth may be tempered by supply constraints in memory, power, and data center construction.

Recent financial performance highlights this momentum, with Nvidia reporting a 117% year-over-year increase in data center revenue during its most recent fiscal second quarter. The company is also aggressively expanding its strategic footprint, including partnerships in Australia to support up to 2 gigawatts of AI infrastructure by 2027 and a massive investment portfolio that has grown to $99 billion.

In the broader semiconductor ecosystem, Nvidia's primary supplier, TSMC, reported a 53% surge in August revenue compared to last year, signaling continued strength in AI chip demand. However, the company has seen significant insider activity, with director Mark Stevens selling approximately $646.5 million in shares between late August and early September.

Additionally, Nvidia's technology is being integrated into new sectors, such as the launch of Razorpay Vulcan, an AI model for the Indian payments market developed in collaboration with Nvidia and AWS.

Entities

Anthropic · Colette Kress · Hugging Face · Jensen Huang · Mark Stevens · Nvidia · Razorpay · Robinhood · Securities and Exchange Commission · TSMC

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Nvidia's investment portfolio has grown from $2.2 billion to $99 billion over two years. forbes.cz
[● 2 SOURCES] Revenue growth targets are influenced by supply constraints, including memory, power, and data center construction schedules. www.tokenpost.kr · www.fool.com
[○ 1 SOURCE] Razorpay launched Vulcan, an AI Transformer model for payments, using Nvidia and AWS infrastructure. hackernoon.com
[● 2 SOURCES] Nvidia director Mark Stevens sold approximately $646.5 million worth of shares between August 31 and September 4. bitnewsbot.com · finbold.com
[○ 1 SOURCE] Nvidia is expanding AI infrastructure in Australia with partnerships aiming for 2 gigawatts by 2027. bitnewsbot.com
[○ 1 SOURCE] TSMC reported an August revenue increase of 53% compared to the same month last year. themarketperiodical.com
[● 4 SOURCES] Nvidia CEO Jensen Huang projects that company revenue could grow by approximately 70% in fiscal year 2028. comparic.pl · www.tokenpost.kr · www.fool.com · hackernoon.com
[● 2 SOURCES] Nvidia's data center revenue increased by 117% year-over-year in its most recent fiscal second quarter. www.tokenpost.kr · hackernoon.com