Nvidia has its finger in every pie, and sees another year of plenty in its future, Jensen Huang says. But, he insists, its deals are not circular.
Disrupt 2026: OpenAI, Anthropic, Replit, and more take over 6 industry stages. 25% off tickets now
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 .
"Most people think Nvidia builds a chip. 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. "One GPU now is not $399. 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.
"I think we could grow 70% year over 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.
"Nvidia runs every model. 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. "We are a foundational platform of the AI ecosystem, foundational platform of the AI industry."
Nvidia's fingers extend all the way from its suppliers, such as memory chip makers, to data center projects and startups.
"We're tracking every single gigawatt of land, power, shell around the world. Literally everything on the planet," he said. ("Shell" refers to the shell of a data center building before it is outfitted with computers).
"I mean, just think about all my partners. How many neoclouds are reporting back to us? How many OEMs are reporting back to us? How many clouds are reporting back to us? How many AI-native companies are reporting back to us? We're working with everybody, and so we kind of know where everything is," he said.
That comment led to inevitable questions about Nvidia's so-called circular deals, in which it invests in companies that turn around and buy its wares. Such schemes famously contributed to the downfall of a previous generation of internet build-out suppliers like Lucent Technologies .
Huang had a simple, albeit cheeky, response. "Well, it's not circular because we put a little bit of money in, and a lot of money comes back." He went on to joke, "I look at the spreadsheet, we put in $1 and $100 comes back in. Is that circular? If that is, let's do more of that."
Quips aside, he insisted that before any of these companies gets an investment, Nvidia makes sure it has real contracts generating revenue from customers. All told, he said he's seen $100 billion worth of such contracts, "I'm not taking any risks. … I need a sure thing."
Reporting synthesized and verified under Nexvoro.tech editorial guidelines. Full primary records referenced via TechCrunch.
OpenAI has formed a new independent mathematics advisory group hosted at the Institute for Advanced Study in Princeton following a surge in automated problem-solving. The move arrives amid mounting academic scrutiny regarding the rapid pace of artificial intelligence in advanced mathematical research.
As debate intensifies over the rapid acceleration of artificial intelligence, OpenAI has proposed a comprehensive framework for international safety standards, focusing heavily on alignment research and recursive self-improvement. The move follows recent high-profile departures and escalating concerns from industry insiders regarding humanity's long-term control over advanced frontier models.
As Washington fiercely debates artificial intelligence oversight, Nvidia CEO Jensen Huang has emerged as President Donald Trump's top confidant, successfully pushing back against growing regulatory pressures. While rival tech executives advocate for government slowdowns, the head of the world's most valuable chipmaker is charting a rapid course for American tech supremacy.
