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Jensen Huang explains why Nvidia will grow an astounding 70% next year
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In Short: Nvidia CEO Jensen Huang predicts a 70% revenue growth for next year, citing the company's central role in AI.
At the Goldman Sachs Communicopia + Technology conference, Nvidia CEO Jensen Huang explained why his company's AI dominance and revenues will continue to grow, with a forecast of a 70% increase next year.
Huang addressed the growing competition from hyperscalers and AI labs, noting that Nvidia is not just a chip manufacturer but a key player in the AI ecosystem. He highlighted the company's extensive involvement in every area of AI, from Anthropic and OpenAI to Google.
“Most people think Nvidia builds a chip. I mean, you need airplanes to ship what we build,” Huang said, emphasizing the company's complex supply chain and the perception challenges it faces.
During the conference, Huang reiterated the company's revenue outlook for next year, stating, “I think we could grow 70% year over year. We’re confident about that.”
He explained that Nvidia's strong position in the AI industry is due to its widespread use across various labs and models, including those from AI native startups. However, Huang acknowledged that much of AI's growth is currently driven by these startups, which are heavily investing in their own AI use.
Nvidia's revenue growth projection of 70% would mean a total of around $680 billion next year, according to Huang. He emphasized the company's foundational role in the AI ecosystem, extending from suppliers like memory chip makers to data center projects and startups.
Huang also discussed the potential for cybersecurity to become the next major application market for AI, highlighting Nvidia's position as a key player in this emerging field.
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- Disrupt 2026: OpenAI, Anthropic, Replit, and more take over 6 industry stages. 25% off tickets now Back by popular demand: Save up to $300 on Disrupt Founder, CEO, and tireless Nvidia hype man Jensen Huang told attendees at the Goldman Sachs Communicopia + Technology conference on Thursday why his company’s AI domination — and revenues — will continue its record-breaking growth streak through the end of next year.
- 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.
- He took the opportunity to reiterate Nvidia’s revenue outlook for next year — guidance the company provided last month when it reported yet another record-breaking revenue quarter.
- That comment led to inevitable questions about Nvidia’s so-called circular deals, in which it invests in companies that turn around and buy its wares.
- Time will tell whether Nvidia’s stronghold on AI can really persist long term.
- Right now, even Huang admits that much of AI’s growth is coming from AI native startups that are raising vast sums and spending most of that cash on their own AI use.
- Nvidia invented the GPU, which back then were largely sold to consumers to improve PC gaming.
- Huang didn’t limit his bullish view to current sales though.
Sources
- finance.biggo.comlink