Speaking at Goldman Sachs' Communicopia + Technology conference, Jensen Huang reiterated that Nvidia expects roughly 70% revenue growth next year, TechCrunch reports. With analysts pencilling in about $400 billion for the current fiscal year, that would imply around $680 billion. Huang argued the company can see demand coming because it sits everywhere in the stack, saying Nvidia tracks gigawatts of land, power and data-center shells worldwide. He also pushed back on criticism that Nvidia's investments in customers are circular, joking that a dollar in returns a hundred, and said he only invests where companies already hold real revenue contracts. TechCrunch notes much of that growth still comes from AI-native startups spending venture money.
NewsAI-assisted
Huang: one Nvidia GPU now costs $8.5 million
He restated 70% revenue growth for next year, which would put Nvidia near $680 billion.