Bloomberg Surveillance · Thursday, August 27, 2026
Angelo Zeno of CFRA Research discusses NVIDIA's strong earnings, highlighting a projected 70% revenue growth for the next fiscal year, driven by significant AI spending from hyperscalers. He notes that hyperscalers are planning to spend $1.3 trillion, with non-hyperscalers also contributing to diversification.
“The number that jumped out at me was they projected revenue for the next fiscal year. Growth rate of 70%, 7-0. Now, put that into context.”
“Yeah, so, you know, I'd say the biggest takeaway, obviously, is kind of the revenue numbers that you guys just alluded to in terms of expectations for 70 percent growth next year from mid 40s.”
“One, hyperscalers are planning to spend much more than maybe we previously anticipated. You know, I think NVIDIA pointed to about $1.3 trillion next year, and that was about $200 billion above our expectations or forecast for next year.”