Jensen Huang explains why Nvidia will grow an astounding 70% next year
Nvidia CEO Jensen Huang projects a 70% revenue growth for the company next year, citing the pervasive demand for its AI-integrated hardware. Huang argues that Nvidia's deep integration into global AI infrastructure makes its continued dominance inevitable despite rising competition.
Why it matters
Nvidia's performance is a primary indicator of the health and trajectory of the global AI industry and semiconductor market.
Founder, CEO, and tireless Nvidia hype man Jensen Huang told attendees at the Goldman Sachs Communicopia + 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 .
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