Nvidia earnings takeaways: Huang forecasts 70% fiscal 2028 revenue growth, far above estimates
Nvidia reported better-than-expected results and issued guidance that sailed past analyst estimates.
AI Summary
Nvidia's fiscal second-quarter earnings are expected to show revenue nearly doubling to $46.7 billion, driven by continued AI demand, though investor enthusiasm has cooled with the stock up just 14% this year. The company faces rising memory costs and competition from AMD, while its new Vera Rubin AI systems have begun shipping to customers like OpenAI. CEO Jensen Huang has forecast $1 trillion in cumulative sales through 2027 from current and next-generation chips.