MoneyThe story, in brief
Nvidia’s 70% growth forecast puts it on track to become tech’s No. 2 company by revenue
Nvidia just guided 70% growth—demand so strong the CEO said they're constrained, not the market. At this trajectory, it becomes tech's No. 2 by revenue.
The KeyNews take
Why it matters
Nvidia's earnings guidance is the clearest signal yet that AI compute demand is not leveling off; the constraint is supply. This reshapes AI infrastructure investment and cloud capex priorities for the next fiscal year.
The key facts
5 to knowNvidia forecasts 70% growth (guidance)
CEO Jensen Huang stated demand exceeds 70% guidance
Trajectory positions Nvidia as tech's No. 2 company by revenue
Supply-constrained signal (demand >> supply)
Earnings call disclosure, August 2026
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: "Our demand is much greater than 70%," CEO Jensen Huang said on the earnings call.