Goldman Sachs Expects Nvidia's Revenue to Grow by 70% in Fiscal Year 2028
By: www.cnbc.com|2026/08/27 15:28:20
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Prefer us on GoogleGoldman Sachs analyst Jim Schneider expects Nvidia's revenue to grow by approximately 70% compared to current levels in fiscal year 2028. Nvidia's recently announced second-quarter fiscal results exceeded expectations and provided revenue guidance above market forecasts, driving the stock price up by about 4%. The market is focused on Nvidia's continued ability to benefit from the construction of artificial intelligence infrastructure. Schneider stated that Nvidia's strong performance and future growth expectations are primarily driven by ongoing corporate investments in AI computing demand and the expansion of its data center business. As the trend of generative AI continues, Nvidia's GPUs, AI servers, and related ecosystem remain a focal point for capital markets, with investors continuously assessing its long-term growth potential.
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