Nvidia CFO Says Revenue Could Grow 70% In 2028; Nvidia Shares Rise

Chip giant Nvidia reported better-than-expected second-quarter results and issued revenue guidance that topped estimates, the stock surged over 5 percent on back of the firm’s upbeat forecast for the next fiscal year. Shares surged after Nvidia’s CFO Colette Kress stated that revenue for the firm is likely to jump as much as 70 percent in the fiscal year 2028.
While Nvidia projected another strong quarter of revenue growth, experts believe the long-term growth forecast which is rare for a firm like Nvidia to give really sent the stock soaring more than 5 percent in after-hours trading. In fact in one of the highlights of the post results conference call, the firm stated how the sales projection would’ve been even higher if the company had unlimited access to components.
“AI has reached its inflection point,” CEO Jensen Huang said in prepared remarks, describing the infrastructure buildout as going “at full steam.” Analysts believe Nvidia’s 70 percent fiscal 2028 revenue-growth outlook is the biggest takeaway from its latest results, arguing that it signals AI infrastructure spending could remain exceptionally strong for longer than previously expected.
Melissa Otto, Global Head of Visible Alpha Research at S&P Global said this forecast “blew away expectations” particularly because Nvidia rarely provides such long-term guidance. Analysts had been estimating 44-45 percent growth, making Nvidia’s forecast a significant upside surprise. Experts also point to Nvidia’s supply constraints as a key bullish signal, management indicated demand is running ahead of available components, suggesting revenue could be even higher if supply bottlenecks ease.
Experts believe it is crucial to note that every notable tech company building AI tools and infrastructure, including Amazon, Meta, Google, Microsoft, use Nvidia chips. The strong demand for chips shows the growing reliance of AI-driven firms on advanced semiconductors, with Nvidia emerging as a key beneficiary.