Nvidia Just Guided for 70% Revenue Growth in Fiscal Year 2028. Here's What That Means for AI Stocks.
Nvidia has reported massive revenue growth driven by AI chip demand and projects a 70% increase for the 2028 fiscal year. The company is on track to potentially reach $400 billion in annual revenue by the end of its 2027 fiscal year.
Why it matters
Nvidia's performance is a primary bellwether for the broader AI sector and global semiconductor market health.
Nvidia ( NVDA +8.74% ) has done it again. The artificial intelligence ( AI ) computer chip giant just posted another quarter of 100% revenue growth, reaching $96 billion in quarterly sales. By the end of the fiscal year 2027 in January, the company may generate well over $400 billion in revenue. But that is not the end of the story. On the conference call, Nvidia executives projected that revenue would grow by 70% next fiscal year.
This insatiable growth is hard to fathom at this scale. Here's what it means for Nvidia and other AI-related stocks if it can put up this 70% revenue growth next fiscal year.
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