Nvidia Reaffirms 70% Revenue Growth Target for Next Year as Blackwell System Sales Rise 27%
Updated
Updated · TechCrunch · Sep 10
Nvidia Reaffirms 70% Revenue Growth Target for Next Year as Blackwell System Sales Rise 27%
3 articles · Updated · TechCrunch · Sep 10
Summary
Jensen Huang said Nvidia still expects revenue to grow 70% year over year next year, implying roughly $680 billion if analysts’ current-year estimate of about $400 billion holds.
At Goldman Sachs’ technology conference, Huang tied that confidence to Nvidia’s reach across AI labs, cloud providers, OEMs and data-center buildouts, saying the company tracks demand down to power, land and facility shells.
One Blackwell-based system combining 36 Grace CPUs and 72 GPUs is posting 27% month-to-month sales growth, which Huang cited as evidence that spending on Nvidia’s latest AI infrastructure remains strong.
Huang also defended Nvidia’s investments in customers that later buy its products, saying the company has seen $100 billion of underlying customer contracts and only backs deals with real revenue attached.
The bullish outlook comes despite rising in-house chip efforts from Amazon, Microsoft, Google, OpenAI and Anthropic, a challenge Huang argued Nvidia can withstand because its platform still runs models across the AI ecosystem.
As Nvidia pivots to financing gigawatt-scale AI factories, could the global power grid become the ultimate bottleneck to its $680 billion revenue forecast?
With half of Nvidia's explosive demand coming from non-hyperscalers, are we witnessing a permanent shift in how global AI infrastructure is funded?