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Jensen Huang explains why Nvidia will grow an astounding 70% next year
techcrunch.com • • business
Key Points:
- Nvidia CEO Jensen Huang projects the company’s AI-driven revenue will grow by 70% year-over-year next year, potentially reaching around $680 billion, based on current fiscal year expectations of $400 billion.
- Huang emphasized Nvidia’s deep integration across the AI ecosystem, supplying GPUs and systems to major AI labs like OpenAI, Anthropic, and Google, as well as numerous startups and cloud providers.
- Nvidia’s AI hardware is no longer just consumer GPUs but highly complex, expensive systems consuming massive power, with some products experiencing rapid monthly sales growth of 27%.
- Huang highlighted Nvidia’s extensive industry visibility by tracking data center projects, power usage, and partnerships worldwide, giving the company unique insight into AI infrastructure demand.
- While acknowledging competition and potential industry disruption, Huang defended Nvidia’s investment strategy in AI companies, stating these deals are backed by substantial revenue contracts and yield significant returns.
