Nvidia Says AI Boom Still Has Years to Run as It Forecasts 70% Sales Growth

Nvidia has delivered another extraordinary signal about the scale of global investment in artificial intelligence, forecasting approximately 70% revenue growth in its next fiscal year.

The chipmaker's outlook strengthened technology stocks on Thursday and helped ease fears that spending on AI infrastructure may be approaching a sharp slowdown.

Nvidia has become arguably the most important corporate barometer for the AI infrastructure economy because its advanced processors power many of the data centres used to train and operate generative-AI systems.

Demand from large technology companies building AI infrastructure has consequently transformed Nvidia from a specialist semiconductor business into one of the central companies of the global technology economy.

Its latest forecast suggests the massive investment cycle involving chips, servers, data centres, electricity infrastructure and AI models is continuing.

That does not remove concerns over valuation or the enormous amount of capital being committed to AI. Investors increasingly want evidence that businesses purchasing billions of dollars of computing equipment can convert that investment into sustainable revenue.

For the moment, however, Nvidia's numbers suggest demand for AI computing remains exceptionally strong. Global stocks steadied Thursday after the company's outlook helped lift technology shares.

Source attribution: Nvidia; Reuters, 26–27 August 2026.