Serenity: Nvidia Expects ~70% Revenue Growth in FY2028, AI Demand Shows No Clear Signs of Slowing

Odaily News: "White-haired stock god" Serenity stated that the latest earnings report and conference call from Nvidia released AI demand signals that are clearly stronger than market expectations. Nvidia's second-quarter revenue was $96.22 billion, higher than the market's expectation of approximately $92.17 billion, with data center revenue reaching $89 billion; the company expects next quarter's revenue to be approximately $108 billion.

Serenity specifically pointed out that Nvidia expects revenue to grow by about 70% in fiscal year 2028, significantly higher than the previous market expectation of approximately 43.9% growth, and the company stated that this outlook remains "supply-constrained." Meanwhile, Nvidia's committed orders have increased from $119 billion in the previous quarter to $279 billion, mainly involving memory purchases over the next several years.

Additionally, Nvidia expects capital expenditures from the top five hyperscale cloud service providers to increase from nearly $800 billion in 2026 to $1.3 trillion in 2027. Serenity believes that AI demand currently shows no clear signs of slowing down, and compared to Nvidia itself, the growth opportunities brought by its architecture and capacity expansion to supply chain segments such as memory, CPO, and 800V are more noteworthy.