Nvidia projects $673B in sales as AI demand widens

Nvidia projects 70% revenue growth for fiscal 2028, forecasting $673 billion in annual sales as AI demand expands beyond major hyperscalers to include regional companies, startups, and enterprises. The projection, announced by CFO Colette Kress, would make Nvidia the second-largest US tech company by revenue after Amazon, though the company says supply constraints from component shortages are currently limiting growth more than demand. The broader customer base now includes what Nvidia calls ACIE (regional AI companies, neocloud providers, startups, and enterprises) seeking complete infrastructure solutions beyond just GPUs.