Huang cites Nvidia’s central role across AI labs, clouds, and data centers as the basis for the forecast.
Nvidia CEO Jensen Huang said Thursday that the company’s revenue could grow 70 percent year over year in the next fiscal year. He repeated the forecast at the Goldman Sachs Communacopia + Technology conference, first shared when Nvidia reported record quarterly results last month.
Huang argued that Nvidia sits at the center of the AI ecosystem, running models from Anthropic, OpenAI, and Google as well as open-weight releases. The company tracks data center land, power, and shell construction worldwide, which he said gives it visibility into demand.
For operators, the forecast signals that GPU supply and pricing will stay under pressure as Nvidia ships larger rack-scale systems. A single NVLink-connected GPU now runs about $8.5 million and packs 2 million parts, Huang said, so capacity planning matters more than ever.
Nvidia also reported 27 percent month-over-month sales growth for a system pairing 36 Grace CPUs with 72 Blackwell GPUs. Questions about the company’s circular deals with customers followed the remarks, and analysts will watch whether the 70 percent target holds as hyperscalers and AI labs build their own chips.
What matters
- Huang told the Goldman Sachs conference that Nvidia revenue could rise 70 percent next year.
- Builders buying GPUs should plan for tight supply as Nvidia scales systems that bundle CPUs and GPUs.
- Analysts expect Nvidia to close this fiscal year near $400 billion, making $680 billion the next target.
Why it matters
Analysts expect Nvidia to close this fiscal year near $400 billion, making $680 billion the next target.
This GenAI News article was prepared in original wording using reporting and materials published by TechCrunch AI. Source reference: https://techcrunch.com/2026/09/10/jensen-huang-explains-why-nvidia-will-grow-an-astounding-70-next-year/.
Drafted by the GenAI News review pipeline.