Nvidia CFO: FY2028 Outlook Supply-Constrained

The CFO's acknowledgment reframes Nvidia's growth narrative from demand-driven to supply-capped, which could recalibrate expectations for downstream AI infrastructure providers and RWA projects reliant on compute. The constraint implies that near-term revenue upside may hinge on capacity expansion rather than order flow, making supply chain execution the key variable. Watch whether Nvidia signals investments in fab or packaging capacity, as that would determine if the ceiling is temporary or structural for the AI compute ecosystem.