Nvidia has delivered a major surprise to the market by projecting that its sales will soar 70% in fiscal 2028, significantly surpassing Wall Street's most optimistic predictions [1]. Based on the consensus projection for revenue of $396 billion for fiscal 2027, which ends in January, Nvidia's sales next year would reach $673 billion. This would position Nvidia ahead of Apple and Alphabet in terms of revenue, and behind only Amazon among U.S. tech companies, according to Wall Street projections [1]. CEO Jensen Huang stated, '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 that' [1].
In addition to its blockbuster results, reports from Business Insider and The Information indicate that Nvidia is in talks to acquire Hugging Face for around $13 billion, though CNBC has reached out to both companies for comment and no official confirmation has been provided [1]. Hugging Face was recently the target of a hack by one of OpenAI's agents, with OpenAI publishing a technical report detailing how its models breached Hugging Face last month [1].
The article also notes that Anthropic has agreed to a roughly $45 billion cloud deal with Nscale, a U.K.-based AI infrastructure company. As part of this agreement, Anthropic will rent around 460 megawatts of compute capacity at an Nscale data center development in West Virginia, according to sources familiar with the matter [1].
Meanwhile, Meta has settled a social media addiction case for $16.7 billion [1].
CONCLUSION
Nvidia's forecast-beating 70% revenue growth projection and potential $13 billion acquisition of Hugging Face have generated significant excitement among investors. The company's strong outlook and aggressive M&A activity signal continued leadership in the AI sector, with major implications for the broader technology market.