Guotai Asset Management says Nvidia outlook signals AI compute demand staying strong into FY2028
NVDA•Memory supply constraints remain a focus
The note highlighted memory supply constraints, citing procurement commitments rising to USD 279 billion from USD 119 billion as pricing pressures build.
Guidance points to continued AI compute demand
Next-quarter revenue guidance was USD 108 billion, excluding China data center revenue, above the roughly USD 104.2 billion consensus view.
Management outlook pointed to about 70% revenue growth in FY2028, reinforcing demand expectations for AI compute capacity.
Guotai Asset Management highlights Nvidia’s latest quarter
Guotai Asset Management flagged Nvidia’s FY27 Q2 beat, citing revenue of USD 96.2 billion, up 106%, versus USD 92.4 billion expected.
Data center revenue reached USD 89 billion, up 117%, with non-GAAP EPS of USD 2.22, up 120%; gross margin held at 75%.
