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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 integration into the AI ecosystem.
Disrupt 2026: OpenAI, Anthropic, and Replit are among the companies taking over industry stages at the Goldman Sachs Communicopia + Technology conference. Jensen Huang, Nvidia's CEO, addressed attendees, explaining why he believes the company's AI dominance will continue to drive record-breaking growth.
According to TechCrunch, Huang faced questions about Nvidia's increasing competition from hyperscalers and AI labs, as well as from newly public competitors like Cerebras and startups such as Etched. Despite these challenges, Huang remains confident, stating, 'I think we could grow 70% year over year. We’re confident about that.
Nvidia's revenue outlook for next year was first mentioned last month, when the company reported another record-breaking revenue quarter. Huang explained that the company is so embedded in every area of AI that it can see the future. He said, 'Nvidia runs every model. Every single lab can use us,' including models from Anthropic, OpenAI, and Google.
However, Huang acknowledged 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. This raises questions about Nvidia's long-term stronghold on the AI market. Huang also mentioned that Nvidia invented the GPU, which were initially sold to consumers to improve PC gaming.
Looking ahead, Huang's bullish view extends beyond current sales. He believes that cybersecurity is highly likely to become the next major application market for artificial intelligence. Huang stated, 'We are a foundational platform of the AI ecosystem, foundational platform of the AI industry,' highlighting Nvidia's extensive reach from suppliers to data center projects and startups.
What's still developing
- “Most people think Nvidia builds a chip. I mean, you need airplanes to ship what we build,” Huang said, adding that the company continues to battle a perception from its early days.
- 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.
Sources
- finance.biggo.comlink