Founder, CEO, and tireless Nvidia hype man Jensen Huang told attendees at the Goldman Sachs Communacopia + Technology conference on Thursday why his company’s AI domination — and revenues — will continue its record-breaking growth streak through the end of next year. There’s been endless hand-wringing over whether Nvidia’s party will end as it faces increasing competition for GPUs and AI chips from all directions: the hyperscalers (Amazon, Microsoft, and Google, each building their own) and the AI labs (Anthropic and OpenAI, which are building their own) as well as from newly public competitor Cerebras and startups such as Etched. I mean, you need airplanes to ship what we build,” Huang said, adding that the company continues to battle a perception from its early days.
Nvidia invented the GPU, which back then were largely sold to consumers to improve PC gaming. It’s $8.5 million dollars. That’s one GPU, all connected with NVLink, 2 million parts, right? 250,000 kilowatts.
That’s a GPU, and we ship thousands of them.” He added that orders for just one product, a computer system that combines 36 Grace CPUs with 72 Blackwell GPUs is currently experiencing 27% month-to-month sales growth. Huang didn’t limit his bullish view to current sales though. 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’s when he first said revenue could grow by 70% next year. We’re confident about that,” Huang said again on Thursday. Analysts expect the company to end its current fiscal year at about $400 billion in revenue.
So 70% growth would mean around $680 billion next year. Huang explained why he’s confident: his company is so embedded in every area of AI that he believes he can see the future. Every single lab can use us,” the CEO said, mentioning that this includes models from Anthropic, OpenAI, and Google, as well as open-weight offerings.
Literally everything on the planet,” he said. (“Shell” refers to the shell of a data center building before it is outfitted with computers). How many neoclouds are reporting back to us? How many OEMs are reporting back to us?
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