BUBBLE WORRY SUBSIDES?
An executive said that the firm would ‘love more supply’ after some investors have become concerned about a potential AI bubble
Nvidia Corp on Wednesday gave a bullish sales outlook for fiscal 2028, easing concerns that artificial intelligence (AI) spending is poised to lose momentum.“We expect to grow revenue by approximately 70 percent in fiscal 2028,” Nvidia chief financial officer Colette Kress said during a post-earnings conference call.Analysts have projected a rise of about 45 percent for that year, data compiled by Bloomberg showed.
Nvidia chief executive officer Jensen Huang speaks at an event in Tokyo on July 16.
Moreover, Nvidia would be growing even faster if it had access to more supplies, Kress said.“Incredibly, we are seeing demand acceleration even at our scale,” she said. “Customers’ forecasts point to our growth doubling next year.”
