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Financial Times
Nvidia projects 70% sales growth next year as AI boom shows no sign of slowing
Nvidia has reported a steady increase in sales and projects a 70% growth for next year, with revenues reaching $108 billion for the current quarter, surpassing expectations. The company cites a doubling of customer demand for its AI hardware, although growth might be tempered by supply constraints, particularly concerning memory chips. Additionally, Nvidia is forming alliances to support financing for AI infrastructure projects, reflecting a broader trend of increasing investment and interest in AI technologies.
Act nowConfidence: HighShort term horizonInfrastructure risk: High
Published 27 Aug 2026, 00:40 UTC3 min read
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Summary
TL;DR
- Nvidia forecasts 70% sales growth next year
- Reported revenue of $96.2 billion for the previous quarter
- AWS to deploy 2 million of Nvidia's GPUs
- Data center revenue up 117% year-on-year
- $279 billion procurement commitments for memory
- Net income rose to $59.7 billion
Interesting facts
- Nvidia's chips are pivotal for AI applications beyond just OpenAI.
- The company faces challenges due to US export controls impacting the Chinese market.
- Financial backstops were extended to support smaller data center players.