{
  "id": 3676050,
  "title": "Nvidia forecasts 70% sales growth next year as it remains bullish on AI spending boom",
  "url": "https://urgent.news/2026/08/27/nvidia-forecasts-70-sales-growth-next-year-as-it-remains-bullish-on",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-27T05:18:42.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/markets/2026/08/27/nvidia-forecasts-70-sales-growth-next-year-as-it-remains-bullish-on-ai-spending-boom/"
  },
  "original_language": "en",
  "account": "Nvidia projects a 70 percent rise in revenue for the upcoming fiscal year, driven by the robust demand for AI computing. However, the company warns that shortages of memory components may impede its growth. Nvidia's shares surged nearly 5 percent in extended trading following a dip of over 1 percent initially. CEO Jensen Huang emphasizes that AI has reached a pivotal moment, delivering useful outcomes and profitable tokens. Compute is now driving revenue, according to Huang. The forecast aims to reassure investors concerned about the sustainability of the AI spending boom. The company projects revenue growth exceeding Wall Street expectations, highlighting demand from major tech firms and AI laboratories. Nvidia is expanding its product line with the next-generation Vera Rubin processors and increasing sales to AI labs such as OpenAI. The outlook is based on a road map for growth, encompassing the rollout of Vera Rubin processors and sales expansion at AI labs. Analysts noted that demand is expanding beyond hyperscalers, with enterprises, sovereign buyers, and industrial customers contributing significantly. Nvidia's Vera Rubin platform, now shipped to customers, accounts for about a fifth of its data center revenue in the current quarter. Data center revenue surpassed estimates, doubling to $89 billion, with supply constraints expected to limit Nvidia's share of the market. The company anticipates AI labs contributing roughly a quarter of its overall business next year, with neo-clouds, including Nebius and CoreWeave, expected to exit with more than 8 gigawatts of Nvidia GPU capacity. Nvidia also announced a partnership with Amazon Web Services, adding 2 million Nvidia graphics processors to Amazon's global infrastructure in 2027 and 2028. However, supply constraints and soaring memory prices will continue to impact margins, which are projected to hit their lowest point in the fourth quarter at approximately 71 percent to 72 percent, down from 74 percent in the third quarter.",
  "summary": "Nvidia has forecast a 70 per cent increase in revenue for the next fiscal year, underscoring unabated demand for AI computing while warning that shortages of memory components could curb its growth. The chip company's shares rose nearly 5 per cent in extended trading after dipping more than 1 per cent initially. \"AI has reached its inflection point . It's doing useful work. Its tokens are…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Economic Times Tech",
        "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",
        "published": "2026-08-27T02:53:00.000Z"
      },
      {
        "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"
      },
      {
        "outlet": "The National UAE",
        "title": "Nvidia forecasts 70% sales growth next year as it remains bullish on AI spending boom",
        "url": "https://urgent.news/2026/08/27/nvidia-forecasts-70-sales-growth-next-year-as-it-remains-bullish-on-3677870",
        "published": "2026-08-27T05:18:42.000Z"
      },
      {
        "outlet": "City AM",
        "title": "FTSE 100 Live: Stocks to fall; Nvidia sales double as AI spending booms",
        "url": "https://urgent.news/2026/08/27/ftse-100-live-stocks-to-fall-nvidia-sales-double-as-ai-spending-booms",
        "published": "2026-08-27T05:30:00.000Z"
      }
    ]
  },
  "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."
}