Nvidia's Revenue Growth Surpasses Expectations Amid AI Financing Scrutiny
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Nvidia NVDA expects to grow revenue by more than 70% in the fiscal year that ends in January 2028. Now, a key question for Wall Street is whether that forecast is “simply a function” of SpaceX’s SPCX plan to use only Nvidia’s data-center chips, Mizuho analyst Daniel O’Regan said in a note to clients.
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New York Post BusinessNvidia expects revenue to grow by about 70% in fiscal 2028. VCG via Getty Images
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The revenue figures beat Wall Street's expectations, leading Nvidia shares to rise about 4% in after hours trading.
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New York Post BusinessShares of the company reversed course in after-hours trading to jump more than 4%, as investors cheered Nvidia’s road map for growth.
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There is also mounting scrutiny of Nvidia’s role in the AI boom’s complex financing ecosystem after the company agreed to guarantee some deals under a new tie-up with six major financial institutions, which aims to raise more than $500 billion for AI infrastructure.
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BBC BusinessNvidia's growing financial strength has also reshaped its role in the sector. It has become a backer to those that rely on its chips, providing some funding to the likes of OpenAI, Anthropic, and SpaceX to help continue the costly buildout of AI infrastructure.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 MarketWatch Tech Stocks Nvidia’s revenue forecast is so huge that Wall Street wonders if SpaceX is the reason
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02 BBC Business Published Chipmaker Nvidia has reported another huge jump in sales as the global push to build artificial intelligence (AI) systems continues at a rapid pace.
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03 Fortune ONE BIG THING Nvidia’s massive future spending commitments make its risk profile more complex, Saxo says
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04 New York Post Business Nvidia’s quarterly revenue more than doubled and the chipmaker forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling persistent demand for its AI chips.
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Sources (4)
- bbc-biz
- marketwatch
- fortune
- nypost-biz