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The Nvidia train keeps rolling, and the company doesn't expect an AI slowdown

The company expects revenue for fiscal 2028, which doesn't begin until next January, to increase by 70% compared to the current fiscal year.

Tom Krazit
By  Tom Krazit
2 min read
The Nvidia train keeps rolling, and the company doesn't expect an AI slowdown
Photo by Maxence Pira / Unsplash

Nvidia's GPUs remain the central building block for the AI boom, and the company told investors Wednesday that it expects that situation to continue well into its next fiscal year.

For the company's second quarter of its 2027 fiscal year, Nvidia reported revenue of $96.2 billion, up 106% compared to the same period last year. Analysts had been expecting $92.2 billion in revenue, and the company's stock rose nearly 4% in after-hours trading.

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  • Tom Krazit

    Tom Krazit

    Tom Krazit is The Stack's Editor-in-Chief. He has covered the technology industry for over 20 years, focused on enterprise technology during the rise of cloud computing over the last ten years at Gigaom, Structure and Protocol.

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