Nvidia Forecasts 70% Revenue Jump, Warns Memory Shortages Curb AI Expansion
NVDA sits 30% above its 52-week low of $164.07.
Summary
Nvidia guided for a 70% revenue increase next fiscal year, driven by unabated AI demand, but cautioned that memory component shortages will limit how quickly it can scale. The forecast, issued Wednesday, lifted South Korean chipmakers and the KOSPI over 1% on Thursday. The Bank of Korea's rate hike and upgraded growth outlook added a mixed macro signal. This follows Nvidia's Q2 FY27 results showing revenue doubled to $96.2B, with Data Center up 117%. Additionally, Nvidia has a $105B Ohio backstop and Vera Rubin is live.
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: Reuters.