Nvidia's 70% Sales Growth Projection for 2028 Wows Analysts on Earnings Call
The growth forecast is likely to reinvigorate narratives around the so-called AI supercycle.
TL;DR
- Nvidia reported blowout earnings with a 70% revenue growth projection for 2028.
- Analysts were surprised by the long-term forecast, especially noting it was "supply-constrained."
- CEO Jensen Huang stated that unconstrained growth would be significantly higher.
- The projection is expected to invigorate narratives around the AI supercycle.
- Nvidia appears to be in an expansion phase, with financing initiatives supporting boosted projections.
- The company's customer base is becoming more concentrated, with five customers accounting for 70% of accounts receivable.