Home · Technology · Sep 11 archive
Jensen Huang explains why Nvidia will grow an astounding 70% next year
Developing
In Short: Nvidia CEO Jensen Huang predicts 70% revenue growth next year, citing the company's central role in AI.
Disrupt 2026: OpenAI, Anthropic, and Replit are among the tech giants and startups taking over industry stages at the Goldman Sachs Communicopia + Technology conference. Jensen Huang, Nvidia's CEO, explained why his company's AI dominance and revenues will continue to grow.
Nvidia faces increasing competition from hyperscalers like Amazon, Microsoft, and Google, as well as AI labs such as Anthropic and OpenAI. Huang, however, remains confident, stating, 'Most people think Nvidia builds a chip. I mean, you need airplanes to ship what we build.
During the conference, Huang reiterated Nvidia's revenue outlook for next year, predicting a 70% growth rate. He said, 'I think we could grow 70% year over year. We’re confident about that.' This growth is attributed to Nvidia's extensive involvement in every area of AI.
Nvidia runs every model, according to Huang, including those from Anthropic, OpenAI, and Google. He emphasized, 'Nvidia runs every model. Every single lab can use us.' 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.
Nvidia's stronghold on AI is not without challenges. Huang noted that the company's circular deals, where it invests in companies that then buy its products, are a part of its business model. He stated, 'We are a foundational platform of the AI ecosystem, foundational platform of the AI industry.' Nvidia's fingers extend from its suppliers to data center projects and startups.
Looking ahead, Huang sees cybersecurity as the next major application market for AI. He said, 'Nvidia co-founder and CEO Jensen Huang said Thursday at the Goldman Sachs Technology Conference in San Francisco that cybersecurity is highly likely to become the next major application market for artificial intelligence.' Despite the challenges, Huang remains optimistic about Nvidia's future in the AI space.
What's still developing
- 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.
- 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.com link