Jensen Huang's Nvidia Guided for 70% Revenue Growth in Fiscal 2028, Far Above the 44% Wall Street Expected, as Amazon Agreed to Buy 2 Million Nvidia GPUs. Is the Growth Forecast Believable?

Nvidia provided a rare two-year revenue guidance of 70% year-over-year growth for fiscal 2028, significantly exceeding Wall Street's 44% expectation. The forecast is supported by Amazon's commitment to purchase 2 million GPUs and the rollout of Nvidia's new Vera Rubin architecture. Despite being a dominant market player, Nvidia has demonstrated accelerating growth, with 106% revenue increase in fiscal 2027 Q2, suggesting the ambitious target is achievable.