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Jensen Huang explains why Nvidia will grow an astounding 70% next year
Developing
In Short: Nvidia CEO Jensen Huang predicts a 70% revenue growth for next year, citing the company's deep involvement in AI.
Disrupt 2026: OpenAI, Anthropic, and Replit are among the tech giants and startups taking over industry stages, underscoring the growing importance of AI. At the Goldman Sachs Communicopia + Technology conference, Nvidia CEO Jensen Huang explained why his company’s AI dominance will continue to drive record-breaking growth.
According to TechCrunch, Huang addressed the increasing competition from hyperscalers and AI labs, noting, 'Most people think Nvidia builds a chip. I mean, you need airplanes to ship what we build.' Huang reiterated that Nvidia’s revenue could grow by 70% next year, a figure he first mentioned last month.
During the conference, Huang highlighted Nvidia’s extensive involvement in AI, stating, 'Nvidia runs every model. Every single lab can use us,' including models from Anthropic, OpenAI, and Google. This comment sparked questions about Nvidia’s circular deals, where the company invests in startups that then purchase its products.
TechCrunch reports that Huang’s bullish outlook extends beyond current sales, predicting a revenue growth that would mean around $680 billion next year. Huang emphasized, 'We are a foundational platform of the AI ecosystem, foundational platform of the AI industry,' noting that Nvidia’s influence spans from suppliers to data center projects and startups.
However, Huang acknowledged that much of AI’s growth is currently driven by AI-native startups, which are raising vast sums and spending most of that on their own AI use. Despite this, Huang remains confident in Nvidia’s future, predicting that cybersecurity will become the next major application market for AI.
What's still developing
- There’s been endless hand-wringing over whether Nvidia’s party will end as it faces increasing competition for GPUs and AI chips from all directions: the hyperscalers (Amazon, Microsoft, and Google, each building their own) and the AI labs (Anthropic and OpenAI, which are building their own) as well as from newly public competitor Cerebras and startups such as Etched.
- Time will tell whether Nvidia’s stronghold on AI can really persist long term.
- Nvidia invented the GPU, which back then were largely sold to consumers to improve PC gaming.
Sources
- finance.biggo.com link