Nvidia (NVDA.O) forecasts a 70 percent increase in revenue for its fiscal year ending January 2028, projecting $108 billion in third-quarter sales. The outlook reflects sustained demand for AI computing despite ongoing component shortages. In its fiscal second quarter ended July 26, data center revenue more than doubled to $89 billion, beating the $85.08 billion estimate. Adjusted profit rose to $2.22 per share versus the $2.10 consensus. Shares rose about 5 percent in extended trading after an initial 1 percent decline. Nvidia estimates third-quarter revenue of $108 billion, plus or minus 2 percent, compared with analysts’ average estimate of $104.19 billion, according to LSEG data. The forecast exceeds the 44 percent average growth projected by analysts for the same period. Nvidia expects demand from AI labs to account for roughly a quarter of total revenue next year. Vera Rubin platform is projected to represent about one-fifth of data-center revenue in the current quarter. Nvidia and Amazon Web Services plan to deploy an additional two million Nvidia graphics processors across AWS’s global infrastructure in 2027 and 2028. Finance chief Colette Kress said margins are expected to be 71-72 percent in the fourth quarter, down from 74 percent in the third quarter, as memory prices and component costs remain high. Nvidia noted that supply constraints could limit growth. China’s data-center revenue was excluded from its outlook after shipments of its H200 chip remained limited. The forecast indicates continued AI spending, but execution risk remains tied to component availability and geopolitical factors affecting China sales.