Nvidia says AI chip demand is 110-120% above capacity; FY28 revenue could hit $682B
BenBajarin · x · 2026-09-02
Nvidia told JP Morgan its revenue could grow 100%+ Y/Y unconstrained, but guided 70% growth due to supply limits. Analyst Ben Bajarin relays: AI chip demand sits 110-120% above manufacturing capacity; FY27 revenue est. $401B, FY28 $682B at 70% growth or >$802B unconstrained. Nvidia IR cited better visibility and a large gap vs Street estimates. Inference revenue has now surpassed training, versus roughly 50/50 about 18 months ago. Bajarin wonders if Nvidia becomes the first $10T company.
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