Nvidia CFO: Gross Margin to Stabilize at 72-73% by FY2028

The CFO's explicit margin floor for FY2028 signals that Nvidia expects AI chip demand to remain robust enough to sustain pricing power, even as supply chains mature. For the broader market, this guidance reduces uncertainty around peak-cycle fears, framing current profitability as a structural baseline rather than a temporary spike. The key watch item is whether competitive pressures or shifts in customer procurement patterns force a revision to this range before fiscal 2028 arrives.