Nvidia Guides for 70% Revenue Growth in Fiscal 2028 Amid Surging AI Demand

Key Facts

1Nvidia guides for approximately 70% revenue growth in fiscal 2028, driven by demand outstripping supply.

2Company revenue more than doubled to $96.2B as growth continues to accelerate at massive scale.

3Gross margins are expected to remain above 65% despite near-term pressure from memory inflation.

Amid the global race to expand artificial intelligence infrastructure, Nvidia stands as a central driver of this structural shift in the technology sector. According to reports, the company guides for approximately 70% revenue growth in fiscal 2028, fueled by demand that continues to outstrip supply. Revenue has already more than doubled to reach $96.2B, demonstrating accelerating growth at a massive scale despite the company's existing size.

Gross margins are expected to remain above 65% despite facing near-term pressures from memory inflation. Per market data, peer stocks showed varied performance as of September 4, 2026, with AMD closing at $477.57, TSM at $428.91, and INTC at $95.8. Nvidia's robust free cash flow continues to support its valuation relative to these industry peers as AI infrastructure demand remains the primary catalyst.

NVDA shares stood at $230.36 at the close of September 4, 2026, after reaching a day high of $234.76. Traders may watch for support near the September 4 low of $229.63 to gauge price stability in the near term. While the upcoming economic calendar lacks immediate semiconductor-specific catalysts, market attention remains fixed on Nvidia's execution against its ambitious fiscal 2028 guidance.