Jensen Huang explains why Nvidia will grow an astounding 70% next year
Nvidia CEO Jensen Huang reiterated at a Goldman Sachs conference that revenue could grow 70% year-over-year next year, reaching roughly $680 billion.
Speaking at the Goldman Sachs Communicopia + Technology conference, Huang reaffirmed guidance of about 70% revenue growth next year, implying roughly $680 billion after an expected ~$400 billion this fiscal year. He cited the Grace-Blackwell system (36 Grace CPUs with 72 Blackwell GPUs) experiencing 27% month-over-month order growth and claimed $100 billion in revenue-generating contracts at companies Nvidia invests in. Huang argued Nvidia underpins models from OpenAI, Anthropic, and Google and tracks global data center capacity, while dismissing concerns about circular deals and competition from hyperscalers, Cerebras, and Etched.
- Huang reiterated 70% next-year revenue growth guidance, implying roughly $680 billion in annual revenue.
- Grace-Blackwell systems combining 36 Grace CPUs and 72 Blackwell GPUs show 27% month-over-month order growth.
- He claimed $100 billion in revenue-generating contracts at firms Nvidia invests in, defending circular deals.
- Hyperscalers, AI labs, and startups like Cerebras and Etched are challenging Nvidia's GPU dominance.
- Vendors
- Nvidia
- Organizations
- Goldman Sachs
From the original article
3 min read at techcrunch.com
Nvidia has its finger in every pie, and sees another year of plenty in its future, Jensen Huang says. But, he insists, its deals are not circular.
By Julie Bort · techcrunch.com
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