NVDA ▼ -0.4% - NVIDIA Corporation $NVDA JPMORGAN ON NVDA AFTER A VIRTUAL NDR WITH NVIDIA IR: A few notable comments from the discussion: NVIDIA appears comfortable with its ~70% YoY FY28 growth framework, with strength broad-based across hyperscalers, neoclouds, AI labs, sovereign AI and enterprise. More importantly, NVIDIA said that without supply constraints, the business could more than double YoY. The outlook remains supply-constrained, not demand-constrained. NVIDIA gave an unusually early FY28 outlook partly because there was a meaningful gap between Street estimates and what the company was seeing internally, which could have created supply-chain planning issues for partners. Inference was roughly 50% of the data center mix about 18 months ago. NVIDIA now believes inference is the larger piece and expects its share to keep growing. NVIDIA reiterated its comfortable stance on ~70% year-over-year FY28 growth during a JPMorgan virtual meeting with company investors relations, citing broad-based strength across hyperscalers, neoclouds, AI labs, and enterprise segments. The company emphasized that its business remains supply-constrained rather than demand-constrained, and could more than double year-over-year growth without supply limitations, while also noting that inference has become the larger portion of its data center business and expects that share to continue expanding. Despite these growth drivers and positive commentary, the stock declined 0.4% today. 02-SEP-2026 05:16 AM ET