Nvidia expects the global artificial intelligence boom to continue driving extraordinary growth well into 2027 and 2028 as technology companies pour billions of dollars into AI infrastructure.
The chipmaker recently reported quarterly revenue of $96.2 billion, more than double the level recorded a year earlier. Its Data Center business generated $89 billion, rising 117% year over year as demand for AI computing remained exceptionally strong.
Nvidia is now forecasting roughly 70% revenue growth for its next fiscal year ending in January 2028, significantly stronger than earlier Wall Street expectations. The outlook suggests the company believes the current AI infrastructure boom still has substantial room to expand.
For the current third quarter, Nvidia expects revenue of approximately $108 billion, plus or minus 2%, even without assuming additional Data Center computing revenue from China.
CEO Jensen Huang says AI computing has reached a major inflection point as AI models increasingly perform commercially useful work across software development, enterprise applications, research, robotics and autonomous systems.
Demand is also broadening beyond a small number of major AI labs. Nvidia says frontier AI companies, startups, cloud providers and enterprises are all expanding their computing infrastructure.
The company’s next-generation Vera Rubin platform is moving into production, with major cloud providers including Microsoft, Google Cloud and Oracle preparing infrastructure around Nvidia’s latest architecture.
Nvidia’s rapid growth highlights how spending on AI data centers remains one of the biggest forces shaping the global technology industry.
However, the company still faces challenges including memory shortages, rising component costs, supply constraints, competition from custom AI chips and uncertainty surrounding sales in China.
Despite those risks, Nvidia’s latest forecast suggests the company expects AI infrastructure spending to remain extremely strong for another year.
