tech
Nvidia projects 70% revenue growth in 2028
The stock is widely considered a bellwether for the health of the broader AI economy.
TL;DR
- Nvidia projected 70% revenue growth for its next fiscal year.
- The company exceeded revenue and earnings expectations in its most recent quarter.
- Revenue from data centers, Nvidia's largest sales source, increased by 117%.
- Nvidia expects to exceed $100 billion in quarterly revenue for the first time.
- The company is providing capital solutions to customers, which CEO Jensen Huang views as a strategic investment.