US Stock Market Move | NVIDIA Corporation (NVDA.US) rose 3%. Management: If there are no supply constraints, FY28 business growth could exceed 100%.

On Wednesday, NVIDIA Corporation (NVDA.US) rose by 3%, closing at $224.08. In its latest report, JPMorgan stated that during a recent investor meeting, NVIDIA Corporation's management made it clear that the FY28 year-on-year growth target of 70% is not the limit on the demand side; if it were not for supply constraints, the business growth could have exceeded 100%. This indicates that the core issue currently suppressing NVIDIA Corporation's growth has shifted from "Can demand be sustained?" to "Can capacity keep up?" Management specifically identified advanced wafers and memory as the two most critical bottlenecks, and they are continuously coordinating with Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, Micron, SK Hynix, and Samsung to expand supply. Especially against the backdrop of ongoing tightness in HBM, improvements in the supply of key components are expected to further release the order demand that NVIDIA Corporation has previously been holding back due to capacity constraints. As AI demand continues to grow, the expansion of HBM capacity will remain a crucial prerequisite for NVIDIA Corporation to realize its growth potential. For HBM suppliers like Micron and SK Hynix, the visibility of demand from NVIDIA Corporation remains relatively high.