Why does Nvidia expect 70% revenue growth?
Nvidia CEO Jensen Huang projects that the company could achieve 70% year-over-year revenue growth next year. With analysts expecting the company to reach approximately $400 billion in revenue for the current fiscal year, this growth would push annual revenue to roughly $680 billion. Huang attributes this outlook to Nvidia’s position as a foundational platform for the AI industry, noting that the company currently powers models for major labs including OpenAI, Anthropic, and Google.
Huang highlighted that Nvidia’s influence spans the entire AI supply chain, from memory chip makers to data center infrastructure. The company is currently shipping advanced systems that combine 36 Grace CPUs with 72 Blackwell GPUs, a product line experiencing 27% month-to-month sales growth. By tracking global data center capacity and power availability, Huang stated that Nvidia maintains deep visibility into the evolving needs of its partners, including cloud providers and AI-native startups.
Are Nvidia's partner investments circular?
Addressing concerns regarding investments in partner companies, Huang denied that these financial arrangements are circular. He emphasized that Nvidia only invests in companies after securing real, revenue-generating contracts, noting that he has reviewed $100 billion worth of such agreements. Huang dismissed the notion of circularity by joking that the company puts in a small amount of capital and receives significantly more in return through verified business contracts.
