1841 ET - Nvidia is expecting 70% revenue growth in the next fiscal year, but that number could get "a lot higher" without supply constraints, chiefly in memory, CEO Jensen Huang tells analysts on a call. Demand for the company's products would support 100% growth, CFO Colette Kress says, and Nvidia is working with its suppliers to boost capacity. "Unlike a component that simply raises our costs with no offset benefit, tighter memory supply is a symptom of the same demand surge that's driving our own growth," Kress says. "We have long-standing, deep relationships with all three major memory suppliers, and we're working closely with them to further increase the capacity." Shares gain 4% after hours.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.