CNBC Daily Open: Does Nvidia need a hug?

NVIDIA CEO Jensen Huang gestures during the NVIDIA GTC global AI conference in San Jose, California, U.S. March 17, 2026. Carlos Barria | ReutersHello, this is Leonie Kidd coming to you from London. It was going to take something big for Nvidia to impress the market, and Jensen Huang's company did not disappoint. Alongside the numbers, the AI giant is reportedly back on the M&A trail, so a lot to digest for investors. Read on.What you need to know todayNvidia has delivered the surprise the AI bulls were hoping for — a forecast-beating projection that sales will soar 70% in the company's fiscal 2028. This is significantly higher than Wall Street's most optimistic prediction. Based on the consensus projection for revenue of $396 billion for fiscal 2027, which ends in January, sales next year would hit $673 billion. That would put Nvidia ahead of Apple and Alphabet, according to Wall Street projections, and behind only Amazon — still primarily a retailer — among U.S. tech companies.And it could have been bigger. "Our demand is much greater than 70%," CEO Huang said on the earnings call. "Our supply allows us to confidently deliver 70%, and we're going to continue to work with our ...