Nvidia's 70% Growth Is the main topic

Nvidia (NASDAQ:NVDA) guided 70% revenue growth for fiscal 2028 and the main topic is supply, not demand, according to Bloomberg Podcast.

Wall Street expected 45%. Nvidia said it could be 70% or even double if supply allowed.

Shares rose more than 8% on the news. It is on track for the biggest jump since April 2025.

The full discussion can be found on Bloomberg Podcast's YouTube channel.

Why did Nvidia issue a full year guide?

Nvidia does not normally give a full year outlook. CFO Colette Kress did so to send a signal to the supply chain.

She told Bloomberg that demand is present and suppliers from memory makers to custom silicon fabs need to add production now. The forecast would be higher without constraints.

What is constraining growth and margins?

Memory. Nvidia must bundle memory with its systems and supply is tight across the industry.

That pressure cuts gross margin by about three percentage points. Nvidia plans to raise prices at the start of next year to offset it.

StartupHub.ai data shows Nvidia scores 82/100 among peers we track, reflecting its pricing power despite that margin hit.

How durable is the demand?

Wealth Enhancement Group, which holds about $1.9 billion in Nvidia stock, said the guide shifts the debate from slowing demand to physical build capacity. Kress emphasized hyperscalers have already placed orders for next year.

Concentration remains high in hyperscalers. Management argued sovereign, neocloud and enterprise channels are starting to pull through and will broaden the base beyond fiscal 2028, though those deals require more integration work.

What else moved markets on Bloomberg Tech?

Salesforce (NYSE:CRM) jumped more than 21%, its best day since August 2020, after guiding to strong revenue expansion and deepening its tie with Anthropic to integrate products into Claude.

Anthropic is also planning to spend $45 billion over six years to rent about 460 megawatts at NScale’s West Virginia data center. Bloomberg also noted a G20 tech ministerial in North Carolina next week expected to draw Elon Musk, David Sacks, Jensen Huang, Sam Altman and Dina Powell McCormick to discuss AI regulation principles.

Hugging Face showed a new walking, talking, roller skating duck robot with co founder Thomas Wolf. SK Hynix broke ground on a $4 billion packaging plant in West Lafayette, Indiana, backed by Chips and Science Act funding, targeting 1,000 jobs.

Nvidia lowered margin and still got rewarded. That tells you what the market believes.