Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run
Nvidia forecasted a 70% revenue increase for the next fiscal year, citing strong demand for AI computing despite ongoing memory component shortages. CEO Jensen Huang emphasized that AI has reached an inflection point, with profitability in its tokens. This optimistic outlook, which surpasses Wall Street's 44% growth expectations, reassures investors about the longevity of AI spending, particularly through 2028.