Nvidia forecasts $673 billion in sales as AI demand expands
apple nvidia
| Source: HN | Original article
Nvidia forecasts $673 billion in sales by fiscal 2028 as AI demand expands beyond hyperscalers, despite ongoing supply constraints.
Nvidia’s finance chief Colette Kress told investors the company expects a 70 percent jump in fiscal‑2028 revenue, putting projected sales at roughly $673 billion. The figure, announced in the latest earnings briefing, would push Nvidia past Apple and Alphabet, making it the second‑largest U.S. tech firm by revenue.
The forecast rests on a widening AI market that now stretches beyond the hyperscaler tier. Kress highlighted growing orders from regional AI providers, “neocloud” operators, startups and enterprise customers that are integrating Nvidia’s GPUs and accelerated‑computing platforms. Even as the firm battles component shortages, the outlook far exceeds analyst expectations and signals that demand for AI hardware is becoming mainstream rather than confined to a handful of cloud giants.
Why it matters is twofold. First, the scale of the projection underscores how quickly AI is turning into a core utility for a broad swath of the tech economy, reshaping spending patterns across sectors. Second, Nvidia’s ascent to the top‑tier of U.S. corporations intensifies competitive pressure on rivals such as AMD, Intel and emerging ASIC players, while also magnifying scrutiny over its supply chain and market power.
As we reported on Aug 27, Nvidia’s commitments to component suppliers surged dramatically, a sign that supply constraints are already a strategic headache. Watching how the company secures additional silicon capacity, whether it leans on further acquisitions—building on the recent Hugging Face deal—or expands its own manufacturing will be key. Analysts will also track the next quarterly results to see if the aggressive growth path holds, and regulators may revisit the firm’s market dominance as AI spending continues to accelerate.
Sources
Back to AIPULSEN