Nvidia Forecasts 70 Percent Revenue Growth as AI Demand Soars

Nvidia CEO Jensen Huang reaffirmed his company's revenue growth forecast of 70% year-over-year for next year, citing strong demand for its AI-focused hardware. The projection would push Nvidia's revenue to around $680 billion from the current fiscal year's expected $400 billion.

Huang pointed to the success of a single system combining 36 Grace CPUs and 72 Blackwell GPUs, which is seeing 27% month-to-month sales growth. This momentum suggests that customers are eager for Nvidia's most advanced hardware, even as competitors try to catch up.

Nvidia's dominance in AI infrastructure is due in part to its strategic investments in companies that use its products. Huang acknowledged that this practice can be seen as 'circular dealmaking,' but argued that it's a necessary step in securing contracts worth over $100 billion.