Nvidia has forecast a 70% jump in revenue for fiscal 2028, signalling that strong AI computing demand remains intact despite memory supply constraints. The upbeat outlook, which is well above Wall Streets 44% growth estimate, highlights broadening demand from hyperscalers, AI labs, startups and enterprises. Nvidias quarterly revenue also more than doubled, reinforcing investor confidence in the AI spending boom.

The AI behemoth forecasts revenue will top $100 billion in Q3.

Nvidia earnings: Nvidia anticipates strong revenue, exceeding analyst expectations for the upcoming quarter. Nvidia faces growing competition in the inference chip market from…