Jensen Huang explains why Nvidia will grow an astounding 70% next year
| Source: TechCrunch AI
Tags: Nvidia, Jensen Huang, Blackwell, AI infrastructure, GPU, Goldman Sachs
Jensen Huang reiterated at Goldman Sachs that Nvidia expects ~70% revenue growth next year — reaching roughly $680B — citing its position running compute for every major AI lab and hyperscaler, with 27% month-over-month sales growth on its flagship Blackwell+Grace system.
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Speaking at Goldman Sachs' Communicopia + Technology conference, Huang reaffirmed Nvidia's forecast of 70% year-over-year revenue growth for fiscal year 2027. With analysts expecting the company to close its current fiscal year at roughly $400 billion, that target would put next-year revenues near $680 billion — a $280B absolute increase. The CEO used the session to reframe what Nvidia sells: not a chip, but an integrated AI supercomputer. A single GPU is now an $8.5 million, 2-million-part system combining 36 Grace CPUs and 72 Blackwell GPUs over NVLink, consuming 250,000 kilowatts. Orders for that product are growing at 27% month-over-month, Huang said. Huang's confidence comes from visibility: Nvidia runs compute for every major AI lab — Anthropic, OpenAI, Google, and open-weight models — and tracks every data center power contract, land deal, and construction shell globally through its partner network of neoclouds, OEMs, cloud providers, and AI-native companies. He argued that this intelligence pipeline gives him unusual foresight into demand. The talk also addressed circular deal concerns (Nvidia invests in startups that then buy its hardware) and competition from hyperscaler in-house chips and startups like Cerebras and Etched — without offering new data to quantify competitive risk.