Nvidia CEO: Supply Allows Confident 70% Growth in FY28
NVDA sits 30% above its 52-week low of $164.07.
Summary
Nvidia's CEO stated that supply allows the company to confidently deliver 70% growth in FY28, and without supply constraints the FY28 outlook would be 'a lot higher.' This follows Q2 FY27 results showing revenue doubling to $96.2B and Data Center up 117%. The Vera Rubin platform has entered full production, with $279B in supply commitments disclosed in the 10-Q. The CEO's confidence in supply and the explicit 70% growth target for FY28 provides a concrete benchmark for investors. Nvidia is also leaning into the danger of a bad-news spiral.
At the time of this announcement, NVDA was trading at $213.62 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.2T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.