Nvidia’s 70% growth forecast puts it on track to become tech’s No. 2 company by revenue
- ID
- 18458
- Status
- summarized
- Published
- 27 Aug 2026, 1:11 PM
- Fetched
- 27 Aug 2026, 1:20 PM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/08/26/nvidia-70percent-growth-forecast-puts-it-on-track-to-be-tech-no-2-company.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 5.5
- Created
- 27 Aug 2026, 1:21 PM
- Tags
- Audience
- developerssaas_foundersai_ml_learners
What happened
Nvidia forecast 70% revenue growth for fiscal 2028, far above the 44% analysts expected, putting it on track for ~$673 billion in sales—ahead of Apple and Alphabet, behind only Amazon among U.S. tech companies. CFO Colette Kress delivered the forecast during the Q2 FY2027 earnings call.
Why it matters
If Nvidia expects $673B in revenue next year, AI compute demand is still accelerating—not plateauing—which means GPU/cloud costs are unlikely to drop soon. Builders shipping AI-dependent products should budget for sustained high inference and training costs, and founders should question whether their unit economics survive if compute stays expensive through 2028.
Discussion angle
What does sustained GPU demand mean for Malaysian startups relying on cloud credits—should teams be optimizing for smaller models or local inference now rather than waiting for compute costs to fall?