Goldman Sachs Expects Nvidia Revenue to Grow 70% by Fiscal 2028, AI Chip Demand Remains Strong

Odaily News: Goldman Sachs analyst Jim Schneider stated that Nvidia's revenue growth prospects remain strong over the next few years, with the company's fiscal 2028 revenue expected to increase approximately 70% from current levels.

Earlier, Nvidia reported better-than-expected fiscal second-quarter results and provided revenue guidance above market expectations, driving its stock price up approximately 4%. The market is closely watching Nvidia's continued ability to benefit from AI infrastructure development.

Jim Schneider said in an interview with CNBC that Nvidia's strong performance and future growth expectations are primarily driven by sustained enterprise investment in AI computing demand and the expansion of its data center business.

As the generative AI boom continues, Nvidia's GPUs, AI servers, and related ecosystem remain a key focus in the capital markets, with investors continuously assessing its long-term growth potential. (CNBC)