Observed Signal · Sep 10, 2026 · Earnings Report · Source: techcrunch · Impact: 4/5 · Sentiment: Positive
Nvidia CEO predicts 70% revenue growth amid AI infrastructure surge
At the Goldman Sachs Communacopia + Technology conference, Nvidia CEO Jensen Huang reiterated his forecast of 70% year-over-year revenue growth for the next fiscal year, driven by soaring demand for AI infrastructure. Huang emphasized that Nvidia's products are no longer simple chips but massive computing systems costing up to $8.5 million, with thousands shipped. He cited 27% month-over-month growth for the GB200 NVL72 system, combining Grace CPUs and Blackwell GPUs. Huang also addressed concerns about competition from hyperscalers and AI labs building their own chips, as well as startups like Cerebras and Etched, asserting Nvidia's foundational role across the AI ecosystem. He dismissed criticisms of 'circular' investments, claiming $100 billion in verified contracts from AI companies. The company expects to end the current fiscal year at around $400 billion in revenue, with 70% growth implying approximately $680 billion next year.
Major platform (Nvidia) providing bullish revenue guidance impacts AI infrastructure cost and capabilities across AdTech/MarTech, signaling continued growth in AI-dependent advertising technologies.
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Key Takeaways & Evidence Grounding
- Nvidia CEO Jensen Huang reiterated 70% year-over-year revenue growth guidance for next fiscal year.
- Nvidia expects around $400 billion revenue this fiscal year, implying ~$680 billion next year.
- The GB200 NVL72 system, combining 36 Grace CPUs and 72 Blackwell GPUs, saw 27% month-over-month sales growth.
- Huang claims Nvidia tracks every gigawatt of data center capacity globally.
- Huang cited $100 billion in verified contracts from AI-native companies, dismissing 'circular deals' criticism.
Connected Companies & Entities
“Nvidia's CEO Jensen Huang at Goldman Sachs conference.”
“Host of the Communacopia + Technology conference.”
“Mentioned as a hyperscaler building its own AI chips.”
“Mentioned as a hyperscaler building its own AI chips.”
“Mentioned as a hyperscaler building its own AI chips.”
“Mentioned as an AI lab building its own chips and running models on Nvidia.”
“Mentioned as an AI lab building its own chips and running models on Nvidia.”
“Mentioned as a newly public competitor in AI chips.”
“Mentioned as a startup competitor in AI chips.”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Nvidia Soars with $68 Billion Revenue in Record Quarter
Nvidia reported a record quarter driven by rapid AI compute demand, announcing $68 billion in quarterly revenue (up 73% year-over-year) and $215 billion in revenue for the full fiscal year. Data center sales accounted for $62 billion of the quarter, split into $51 billion in compute (primarily GPUs) and $11 billion in networking (including NVLink). CEO Jensen Huang emphasized exponential token demand and tight cloud GPU capacity; CFO Colette Kress said approved H200 exports to China have not generated revenue. Nvidia reiterated ongoing talks toward a potential investment in OpenAI (reported at about $30 billion) but filed that there is no assurance the deal will occur. The company defended its capex commitments as necessary for AI-driven revenue growth and noted competitive progress by China-based firms like Moore Threads.
Nvidia projects 70% revenue growth for 2028
Nvidia reported blowout fiscal Q2 2027 results, with revenue surging 106% year-on-year to $96.22 billion, driven by its powerhouse Data Center division at $89.0 billion. GAAP operating income reached $63.7 billion, and adjusted EPS hit $2.46. Despite supply constraints and rising memory costs trimming gross-margin guidance to 72–73%, Nvidia issued strong Q3 revenue guidance of approximately $108 billion (excluding China) and projected roughly 70% growth for fiscal 2028. Strategic milestones include expanding its AWS partnership to deploy 2 million additional high-end GPUs (Blackwell Ultra and Rubin) and initiating full production of the Vera Rubin architecture across major cloud providers. Additionally, Nvidia updated its $105 billion data-center financing program and partnered with major financial institutions to mobilize $500 billion in external capital for AI infrastructure, while returning $26 billion to shareholders.
Nvidia CEO Jensen Huang Says Chip Sales Will Double Next Year
Nvidia CEO Jensen Huang announced that the company expects to sell twice as many chips next year as it does this year. This forecast was made at a summit with King Charles III in Scotland, where Huang also discussed AI safety. He attributed the growth to widespread investment in AI across industries and countries. Nvidia's product line includes data center GPUs like Blackwell and Rubin, as well as CPUs, switch chips, optical networking chips, and others. The company previously forecasted 70% growth for fiscal year ending January 2028, reaching about $673 billion in revenue. The announcement comes amid heightened public discourse on AI safety risks.
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