{
  "id": 3653294,
  "title": "Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run",
  "url": "https://urgent.news/2026/08/27/nvidia-forecasts-70-sales-growth-next-year-signals-ai-spending-boom",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-27T02:53:00.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/technology/nvidia-forecasts-70-sales-growth-next-year-signals-ai-spending-boom-has-years-left-to-run/articleshow/133554544.cms"
  },
  "original_language": "en",
  "account": "Nvidia, the leading AI chip company, has forecasted a staggering 70% increase in revenue for the coming fiscal year, signaling an enduring boom in AI spending. This projection, well above Wall Street expectations, suggests that the demand for AI computing power is far from peaking.\n\nHowever, Nvidia's Chief Executive, Jensen Huang, acknowledged ongoing supply constraints stemming from memory component shortages, which may impede the company's ability to fully capitalize on this growth. The company's shares rose nearly 5% in extended trading following the news.\n\nHuang emphasized that AI has transitioned from experimental to practical, with its tokens proving both productive and profitable. The company's new Vera Rubin processors, set to ship to customers, are expected to contribute around 20% to the data center revenue in the current quarter.\n\nAnalysts are impressed by Nvidia's broadened demand base, which now includes not just hyperscalers but also enterprises, sovereign buyers, and industrial customers. The company's Vera Rubin platform and expansion of its partnership with Amazon Web Services are expected to further fuel growth.\n\nNvidia's finance chief, Colette Kress, warned that soaring memory prices and higher component costs would continue to put pressure on margins. Margins are expected to hit a low of roughly 71% to 72% by the fourth quarter, down from about 74% in the third quarter. Despite this, Kress noted that analysts' estimates had been exceeded, with third-quarter revenue projected at $108 billion, plus or minus 2%.",
  "summary": "\"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue,\" Nvidia Chief Executive Jensen Huang said.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run",
        "url": "https://urgent.news/2026/08/27/nvidia-forecasts-70-sales-growth-next-year-signals-ai-spending-boom-3657350",
        "published": "2026-08-27T03:12:12.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "Nvidia forecasts 70% sales growth next year, signals AI spending boom has years ...",
        "url": "https://urgent.news/2026/08/27/nvidia-forecasts-70-sales-growth-next-year-signals-ai-spending-boom-3655752",
        "published": "2026-08-27T03:28:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}