Nvidia forecasts fiscal '28 revenue growth of 70%, soaring past estimates: Live updates - CNBC
Nvidia reported strong fiscal second-quarter results and issued optimistic revenue guidance for 2028, driven by the ongoing artificial intelligence boom. Despite the growth, the company noted potential risks including supply constraints and rising competition.
Why it matters
As a leader in AI hardware, Nvidia's financial performance is a key indicator of the health and trajectory of the global artificial intelligence industry.
Nvidia reported better-than-expected fiscal second-quarter results and issued revenue guidance that topped estimates. The stock jumped 4% on the company's forecast for next fiscal year.
The article provides a balanced financial summary, including both positive growth metrics and identified risk factors.
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