Nvidia projects $673B in sales as AI demand widens (forgeeks.net)

Nvidia has projected a remarkable $673 billion in sales by fiscal 2028, driven by a surge in demand for AI technologies beyond traditional hyperscalers. This forecast—shared by CFO Colette Kress—represents a 70% growth rate and surpasses analyst expectations, a notable shift since Nvidia typically refrains from long-term sales predictions. The announcement is supported by their recent financial results showcasing a more than doubling of quarterly revenue to $96.2 billion, with data center revenues specifically up 117% amid ongoing supply constraints, limiting Nvidia's capacity to fulfill even higher demand. This significant revenue projection underscores Nvidia's evolution from a hardware provider to a comprehensive infrastructure partner for a diverse customer base, including regional AI companies, startups, and traditional enterprises, collectively termed ACIE. By broadening its clientele beyond just hyperscalers, Nvidia aims to mitigate risks associated with dependency on a few large customers. Additionally, the company is investing in AI model developers and financing data center construction, hinting at a strategic move to bolster the AI ecosystem. Such initiatives may allow Nvidia to capitalize on the rapidly expanding AI market while addressing potential financing challenges faced by nascent AI companies, ultimately intertwining Nvidia's growth with the broader industry's trajectory.