NVDA Stock in Focus as Nvidia Forecasts Strong AI Chip Demand Through Fiscal 2028

Nvidia’s latest results have put NVDA stock back in focus as demand for AI chips continues to hold up. On August 26, 2026, Nvidia forecast about 70% revenue growth for fiscal 2028, well above Wall Street’s 44% estimate. The company also reported $96.22 billion in quarterly revenue, with data-centre sales topping $89 billion. Investors are now weighing how long the current AI spending cycle can continue.

Nvidia’s Fiscal 2028 Forecast Signals a Longer AI Spending Runway

Nvidia Targets 70% Revenue Growth in Fiscal 2028

Nvidia has offered investors a stronger long-term view of AI demand. The company expects revenue to grow about 70% in the fiscal year ending January 2028. That is well above the roughly 44% growth Wall Street had expected. Nvidia sees demand continuing beyond Blackwell, giving the company room to extend its growth cycle.

AI Demand Is Expanding Beyond Hyperscalers

AI demand is reaching more than just the largest cloud providers. AI labs, enterprises, sovereign buyers and industrial users are also increasing their spending. On August 26, Nvidia and AWS announced plans to deliver 2 million additional GPUs and next-generation infrastructure. A wider customer base could help Nvidia maintain growth while reducing its reliance on a small number of cloud giants.

Nvidia’s Q2 FY2027 Results Show Why AI Chip Demand Remains Strong

Revenue Hits $96.22 Billion

Nvidia reported Q2 FY2027 revenue of $96.22 billion on August 26, up 106% year over year and 18% from the previous quarter. Data Center revenue reached $89.0 billion, an increase of 117%. Non-GAAP earnings per share came in at $2.22. Gross margin stayed at 75%, showing that strong demand continues to support Nvidia’s pricing power.

Q3 Guidance Keeps NVDA Stock in Focus

Nvidia expects fiscal Q3 revenue of $108 billion, plus or minus 2%. The company is not including Data Center compute revenue from China in that forecast. That makes the guidance especially relevant for NVDA stock. Investors will be watching whether new AI deployments can keep actual sales ahead of Nvidia’s already high expectations.

Vera Rubin Could Become Nvidia’s Next Major AI Growth Engine

From Blackwell to Vera Rubin

Nvidia says its Vera Rubin platform is now in full production. Partner systems are running at CoreWeave, Google Cloud, Microsoft Azure, Oracle Cloud Infrastructure and Nebius. The platform is designed for large AI workloads as models become more complex. A faster product cycle gives Nvidia another source of demand as customers continue expanding their computing capacity.

Why Rubin Matters for Nvidia Stock?

Rubin matters because Nvidia cannot depend indefinitely on a single chip generation. Investors will be watching shipment volumes, customer adoption, and supply availability. Strong Rubin demand could help support revenue through fiscal 2028. Execution still matters, though. Delays or limited supply could stop Nvidia from turning demand into the level of sales growth it expects.

NVDA Stock Outlook: Strong Demand Meets Supply and Margin Risk

Memory Costs Could Pressure Margins

Nvidia continues to face shortages of memory components. Reuters reported that these shortages could restrict how quickly the company increases supply and could push up costs. Nvidia expects fiscal Q3 gross margin of 74%, slightly below the 75% reported in Q2. Investors will need to watch margins as closely as revenue.

🚨 WHY I'M STILL BULLISH ON NVIDIA $NVDA AFTER THESE EARNINGS

I've gone through NVIDIA's numbers, and for me the bigger story isn't simply that they beat expectations.

It's that the AI infrastructure cycle still looks incredibly strong.

Look at what NVIDIA just delivered:

🔹…

— Emmanuel – Big Tech & AI Investor (@EmmanuelInvest) August 27, 2026

China, Competition and AI Spending Risks

China remains a source of uncertainty because U.S. export restrictions limit Nvidia’s ability to sell advanced data-centre chips there. Competition is another factor. Amazon, Google and other large customers continue developing their own AI chips. The question is whether the returns from AI infrastructure will remain high enough to keep spending at its current pace.

What the Nvidia Forecast Means for NVDA Stock Investors?

Meyka’s US-stock ranking lists NVDA among top performers, citing its $214.72 price, $5.2 trillion market value, and 72.4 technology-sector grade. Wall Street remains bullish. Mizuho raised its target to $315, JPMorgan to $320, while BofA kept a Buy rating with a $350 target.

Conclusion

Nvidia’s fiscal 2028 forecast points to a longer AI chip growth cycle. Q2 results, expanding GPU deployments, and Vera Rubin give NVDA stock several sources of potential growth. Investors still need to watch memory costs, margins, China restrictions, and competition from custom AI chips. The AI demand story remains strong, but expectations for Nvidia are already very high.

Disclaimer:

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