随着人工智能需求的扩大，Nvidia 预计销售额将达到 673B 美元

Nvidia 预计 2028 财年将实现 70% 的增长，这意味着尽管供应有限，但随着需求超出超大规模，销售额将达到 6730 亿美元。 Nvidia is projecting 70% revenue growth in fiscal 2028 , which would put annual sales at roughly $673 billion if the current Wall Street consensus for fiscal 2027 holds.这将使这家芯片制造商在营收方面领先于苹果和 Alphabet，从而使亚马逊成为预计销售额较高的美国科技公司之一。 CFO Colette Kress delivered the forecast on August 26, 2026. It is far above the 44% average analyst estimate tracked by LSEG and marks a change in Nvidia’s disclosure: the company has not previously provided a forecast this far into the future, although CEO Jensen Huang has offered shorter-range indications of expected AI chip demand.英伟达 2027 财年第二季度业绩为前景提供了直接证据。季度收入达到 962 亿美元，是去年同期的两倍多，而数据中心收入增长 117%，达到 890 亿美元。英伟达的股价在一个账户的延长交易中上涨了约 4%，而另一份市场报告则将该交易日最高点定为 5.6%。这一差异反映了财报发布后报告的交易范围，而不是公司预测的变化。目前，决定近期上限的是供给，而不是需求。 Huang said shortages in components including memory prevented Nvidia from making a still higher projection as AI infrastructure consumes a growing share of global chip and memory capacity. Recommended reading Shein targets a $27 billion IPO after its peak valuation Marcus Vance • Aug 25, 2026 • 3 min read “Our demand is much greater than 70%. Our supply allows us to confidently deliver 70%, and we’re going to continue to work with our supply chain to increase on on that.” — Jensen Huang, CEO, Nvidia Nvidia is broadening its customer base Investors have worried that Nvidia’s growth depends too heavily on a small group of hyperscalers building data centers for a handful of frontier AI labs.黄说，下一阶段将涉及更广泛的买家，包括区域人工智能公司、新云提供商、初创公司和传统企业。 Nvidia 将这些客户归入 ACIE 标签下。该公司销售的产品不仅仅是 GPU。 Huang said its technology can supply much of the surrounding data-center stack, making Nvidia a broader infrastructure partner for organizations that cannot assemble the system themselves.他说，这一客户类别以前“基本上是看不见的”，但现在包括越来越多的公司将人工智能部署用于有用的生产工作，而不仅仅是资助大规模模型培训。 “去年这个时候，一个实验室独自推动了扩建；今天，我们迎来了新的人工智能实验室和初创公司的黄金时代，多个前沿实验室并行扩展，蓬勃发展的开放模型生态系统和物理人工智能上线——在美国和世界各地都有强劲的势头。” — Nvidia 首席执行官 Jensen Huang 遍布区域提供商、初创公司和企业的客户群可以减少对任何一家超大规模企业资本预算的依赖。它还为英伟达提供了更多的机会来销售网络、系统和其他数据中心组件及其处理器，尽管提供的结果并未透露这些产品的收入有多少。这种需求已经影响到美国以外的公司。 European semiconductor stocks rose after Nvidia’s results: ASML gained about 2.5% , while STMicroelectronics, Infineon Technologies and BE Semiconductor each rose between 2% and 4% . The moves suggest investors expect continued spending on the equipment and components needed to build AI infrastructure, even as broader European indexes declined or held flat.英伟达正在为购买其芯片的基础设施提供资金。英伟达的角色现在已经超出了销售硬件的范围。 The company is investing in model developers including OpenAI and Anthropic, backing neocloud providers that rent Nvidia-powered compute, and helping arrange financing for data-center construction.一个例子是为俄亥俄州正在建设的一个大型计算园区提供 1050 亿美元的财政支持，OpenAI 预计将成为该园区的租户。 Nvidia 还宣布与华尔街主要公司建立合作伙伴关系，安排高达 5000 亿美元的数据中心融资。这些安排引发了人们对循环融资的担忧：英伟达为客户或基础设施提供资金，然后这些资金可以通过购买其产品回流到英伟达。黄为这一战略辩护称，前沿人工智能公司需要异常大量的资本才能拥有廉价借贷所需的资产负债表。 “This is the first generation of startups that needed tens of billions of dollars to get f