{
  "id": 5001546,
  "title": "Nvidia Projects 70% Revenue Growth Next Year. What This Means for NVDA Stock Investors.",
  "url": "https://urgent.news/2026/08/31/nvidia-projects-70-revenue-growth-next-year-what-this-means-for-nvda",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T16:05:21.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/nvidia-projects-70-revenue-growth-160521471.html"
  },
  "original_language": "en",
  "account": "Nvidia, the technology giant, has announced it will provide revenue forecasts for the following fiscal year, a first in its recent history. This disclosure has contributed to a notable rebound in its stock price following its recent earnings, which had previously remained flat in four consecutive quarters. The stock has even seen a 10% surge during the two trading sessions after the earnings announcement, with an overall gain of about 5% since the earnings were released.\n\nThe company's CFO, Colette Kress, disclosed a staggering 70% projected revenue growth for fiscal year 2028 at the company's latest earnings call. This figure is impressive given Nvidia's already substantial annual revenue of over $200 billion. However, Kress acknowledged that this growth could have been even higher if it weren't for supply chain challenges, particularly the increase in memory prices and scarcity of memory components. Nvidia also faced concentration risks due to its reliance on hyperscaler customers such as Amazon, Microsoft, and OpenAI, but its accelerating cohort of AI Clouds, Industrial, Enterprise, and sovereign customers could help mitigate these risks.\n\nKress elaborated on the potential of the $400 billion in funding provided by global venture capitalists in the first half of 2026, 70% of which is anticipated to be spent on compute. She also highlighted that 20 such companies have an annualized revenue run rate exceeding $1 billion, up from 13 in Q4 of 2025. Nvidia is actively promoting open-source models, with CEO Jensen Huang showing particular interest in this area. Hugging Face, a company reportedly being acquired by Nvidia, has noted that both Nvidia and its rival AMD have published over 200 new models each, significantly more than any other company in the United States.\n\nNvidia has also made strides in the open models market, which has a market opportunity of over $50 billion by 2030. The company holds a monopolistic 92% share in a market expected to reach $600 billion by 2030, according to consulting firm McKinsey. Nvidia is uniquely positioned to develop custom chips for sovereign AI, a market projected to reach $600 billion by 2030, according to McKinsey.\n\nFollowing the earnings release, Nvidia delivered outstanding quarterly results with revenue reaching $96.2 billion, a 106% increase from the previous year and exceeding expectations by more than $4 billion. Data center revenue rose even more sharply by 117% to $89 billion, surpassing expectations of $86.3 billion. Notably, none of this revenue originated from China. Looking ahead, Nvidia has guided for third-quarter 2027 total revenue in the range of $105.8 billion to $110.2 billion, slightly below analyst estimates of $109 billion. Gross margins have expanded to 75% from 72.4% in the same period last year, although some analysts have expressed concerns about the company's investment case. Despite this, the stock continued to rise after the earnings announcement, ending a streak of four consecutive quarters of decline the day after earnings.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}