Nvidia Raises Revenue Forecast by 70% Amid Growing AI Demand

Nvidia has raised its revenue forecast for fiscal year 2028 by 70%, citing growing demand for AI infrastructure. The company's quarterly earnings report shows resilience and growth potential amid shifts in Big Tech capital spending.

This outlook reinforces Nvidia's position as a leader in AI semiconductors and suggests continued expansion driven by AI demand, according to investors.

Nvidia's $3.5 billion investment in MediaTek via convertible bonds marks its largest direct investment outside the US, with Jensen Huang emphasizing this is not circular financing but a long-term partnership aimed at co-developing custom chips.