Nvidia Has $96 Billion in Quarterly Revenue. Here's Why the Stock Is Still a Buy.
Nvidia's next AI platform is already shipping -- and its 2028 growth outlook could be far bigger than Wall Street expects.
Overview
Nvidia (NASDAQ: NVDA) has seen revenue go parabolic during the artificial intelligence (AI) boom, climbing more than 11-fold since 2022 to $303 billion on a trailing-12-month basis. In fiscal Q2, which ended July 26, it posted $96 billion in revenue, up 106% year over year. That's rare growth at this scale -- but the bigger takeaway isn't what's already in the books. It's what management says comes next.
The company is guiding for roughly 70% revenue growth in fiscal 2028, and its next major chipset platform, Vera Rubin, is already shipping. Here's why this $5.4 trillion market-cap stock still looks like a no-brainer buy.
Image source: Nvidia.
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Originally published at www.fool.com.