Nvidia projects $673B in sales as AI demand widens
Nvidia has projected a significant revenue growth to $673 billion by fiscal 2028, driven by widespread demand for AI infrastructure. Despite supply chain constraints, the company expects to expand its customer base beyond major hyperscalers.
Why it matters
Nvidia's growth trajectory serves as a primary indicator for the health and scale of the global AI hardware market and broader tech sector investment.
Nvidia forecasts 70% fiscal 2028 growth, implying $673 billion in sales as demand expands beyond hyperscalers despite supply constraints.
Nvidia is projecting 70% revenue growth in fiscal 2028 , which would put annual sales at roughly $673 billion if the current Wall Street consensus for fiscal 2027 holds. That would move the chipmaker ahead of Apple and Alphabet by revenue, leaving only Amazon among US tech companies with higher projected sales.
CFO Colette Kress delivered the forecast on August 26, 2026. It is far above the 44% average analyst estimate tracked by LSEG and marks a change in Nvidia’s disclosure: the company has not previously provided a forecast this far into the future, although CEO Jensen Huang has offered shorter-range indications of expected AI chip demand.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in