CNBC reported that Goldman Sachs analyst Jim Schneider said Nvidia’s latest results for the second quarter of fiscal 2027 came in above market expectations, while the company’s revenue guidance for the next quarter also topped analyst estimates. Nvidia shares rose about 4% in after-hours trading, helped by the company’s upbeat view on revenue growth for the next fiscal year. Schneider said Nvidia still expects revenue in fiscal 2028 to grow by about 70%, a sign that demand for AI infrastructure remains strong. He added that the market’s focus has started to shift away from near-term earnings and toward a larger question: whether the AI computing investment cycle can continue, and whether Nvidia can deliver on expectations for rapid growth over the next several years.
According to CNBC, Goldman Sachs analyst Jim Schneider said in an interview with CNBC that Nvidia’s latest results for the second quarter of fiscal 2027 beat market expectations, and the company’s revenue guidance for the next quarter also came in above analyst estimates.
Nvidia shares rose about 4% in after-hours trading as the company expressed optimism about revenue growth in the next fiscal year.
Attention shifts to the durability of AI spending
Schneider said Nvidia still expects revenue growth of about 70% in fiscal 2028, indicating that demand for AI infrastructure remains strong.
He said the market is now looking beyond the latest quarterly numbers and focusing on whether the AI computing investment cycle can continue, and whether Nvidia can meet expectations for rapid growth over the next several years.
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