Goldman Sachs analyst Jim Schneider said Nvidia still has a strong revenue growth outlook over the next few years, with fiscal 2028 revenue potentially rising about 70% from current levels. His comments came after Nvidia reported better-than-expected fiscal second-quarter results and issued revenue guidance above market expectations, helping lift its stock by about 4%. Schneider told CNBC that the company’s recent performance and forward growth outlook are being driven mainly by continued corporate spending on AI computing and by expansion in its data center business. The market is also watching whether Nvidia can keep benefiting from buildouts in artificial intelligence infrastructure. As the generative AI boom continues, Nvidia’s GPUs, AI servers, and related ecosystem remain key areas of focus for capital markets, while investors keep assessing the company’s long-term growth potential.
Goldman Sachs analyst Jim Schneider said Nvidia still has a strong revenue growth outlook over the next few years, with the company’s fiscal 2028 revenue potentially rising about 70% from current levels.
Earlier, Nvidia reported better-than-expected fiscal second-quarter results and issued revenue guidance above market expectations, helping push its stock up about 4%. The market is watching whether Nvidia can continue to benefit from ongoing artificial intelligence infrastructure buildouts.
Goldman Sachs points to AI computing demand and data center expansion
In an interview with CNBC, Schneider said Nvidia’s strong recent results and future growth outlook are mainly supported by continued corporate investment in AI computing demand and expansion in the company’s data center business.
With the generative AI boom continuing, Nvidia’s GPUs, AI servers, and related ecosystem remain a focus for capital markets. Investors are also continuing to assess the company’s long-term growth runway.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
