Nvidia CEO Huang says quarterly revenue nearing $100B

Jensen Huang, CEO of Nvidia ↗ 2.65%, personally appeared at a Morgan Stanley ↗ 3.41% investor roadshow this week, offering assurances that the chipmaker's quarterly revenue is on track to approach $100 billion and pushing back against recent rumors of delays to its next-generation Rubin Ultra platform.

Revenue Trajectory and Forward Guidance

Nvidia reported record first-quarter fiscal 2027 revenue of $81.6 billion on May 20, representing 20% sequential growth and 85% year-over-year gains. The company guided for approximately $91 billion in revenue for the fiscal second quarter ending in July. Huang's appearance at the Morgan Stanley event, alongside CFO Colette Kress, underscored management's confidence that the revenue trajectory is accelerating toward the $100 billion quarterly milestone.finance.biggo+5

Morgan Stanley analyst Joseph Moore reiterated an Overweight rating on Nvidia with a $288 price target in a July 10 note to clients, implying roughly 43% upside from recent levels. Moore based the target on a 22x multiple of his calendar year 2027 earnings-per-share estimate of $13.08 and urged investors to accumulate shares on weakness. The firm has called Nvidia its top semiconductor pick, noting the company maintains approximately 85% market share in AI accelerators with no visible share loss over the past two years.kucoin+1

Rubin Ultra Roadmap Intact

Huang's roadshow appearance also served to counter reports from SemiAnalysis, published in early July, that claimed Nvidia's Kyber NVL144 rack—designed to house 2027's Rubin Ultra GPUs—had been delayed to 2028 due to manufacturing challenges with a key circuit board. Nvidia responded directly, telling investors and media that "our roadmap is intact".reddit+4

The denial came after SemiAnalysis had separately reported in late June that Nvidia cancelled the original four-die Rubin Ultra design in favor of a dual-die configuration due to manufacturing execution concerns. Nvidia's statements at the Morgan Stanley event reinforced that the company sees no change to its product delivery schedule.linkedin+1

Broader Context

The roadshow follows a period of rapid growth for Nvidia, which posted $215.9 billion in full fiscal year 2026 revenue and $120 billion in net income. With quarterly revenue guided at $91 billion for the current period and growth continuing, the path to $100 billion in a single quarter appears within reach by later this fiscal year. Nvidia shares rose after the company denied the Rubin delay reports earlier in the week.nvidianews.nvidia+2