Nvidia Projects 70% Growth Amid AI Boom
American company Nvidia achieved a record revenue of $96.2 billion in the quarter ending in July, representing a 106% year-over-year increase and an 18% quarter-over-quarter growth. The company is expected to reach $108 billion in the current quarter, with an estimated 70% growth in its fiscal year 2028 revenue. The company's growth primarily depends on spending by cloud computing companies and the construction of new data centers, despite supply constraints and challenges in Asian supply chains. These optimistic projections raise systemic risk concerns, as any disruptions in the supply chain or declines in technology spending could lead to market downturns. Although demand for Nvidia's products is not considered artificial, reliance on external factories exposes the company to supply pressures and increased costs.
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