Bullish
NVIDIA forecasts 70% revenue growth by 2028, shares rise 4.4% after-hours.
NVIDIA's strong Q2 earnings and optimistic 2028 revenue projections have bolstered investor confidence, leading to a 4.4% increase in after-hours trading. The company reported $96.2 billion in quarterly revenue, more than doubling from the previous year, and a 126% rise in net income to $59.7 billion. CEO Jensen Huang highlighted the rapid expansion of AI infrastructure, with plans to deploy 2 million additional GPUs in collaboration with AWS.
Key points
- NVIDIA projects 70% revenue growth by 2028, boosting investor confidence.
- Q2 earnings exceed expectations, with revenue doubling from the previous year.
- NVIDIA collaborates with AWS to deploy 2 million additional GPUs, enhancing AI infrastructure.
- NVIDIA forecasts Q3 revenue of $108 billion, surpassing analyst estimates.
Sources
- Nvidia projects 70% revenue growth in 2028Axios · August 26, 2026
- Strong AI chip demand fuels Nvidia's Q2 results well beyond Wall Street's expectationsAP News · August 26, 2026
- AWS and NVIDIA to Deliver 2 Million Additional GPUs and Next-Generation Infrastructure for Agentic and Physical AINVIDIA Newsroom · August 26, 2026
- Nvidia forecasts quarterly revenue above estimatesReuters · August 26, 2026
AI-generated from public news sources. Not financial advice.
