Jensen Huang explains why Nvidia will grow an astounding 70% next year
News Source
β’Thu, 10 Sep 2026 21:51:59 +0000
π° What Happened
Nvidia boss Jensen Huang says the company's revenue could grow about 70% next year. He spoke at a Goldman Sachs tech conference on Thursday. He pointed to huge demand for its AI chips. Orders for one system that pairs 36 Grace chips with 72 Blackwell chips are growing 27% each month. Nvidia gave the same guidance when it reported results last month.
Huang said people still think Nvidia only makes a chip. He said one of its AI systems now costs millions of dollars and fills huge racks.
π The Backstory
Nvidia makes the chips that power most AI systems. It started out selling graphics cards for PC gaming. Today its data centre systems use enormous amounts of power and ship in huge numbers.
Nvidia faces more competition than ever. Amazon, Google and Microsoft are building their own chips, and so are AI labs like OpenAI and Anthropic. New rivals such as Cerebras and Etched are also chasing the same market.
π― Why It Matters
Nvidia sits at the centre of the AI boom. Its growth and its chips affect everything from stock markets to the price of using AI tools.
Nvidia boss Jensen Huang says the company's revenue could grow about 70% next year. He spoke at a Goldman Sachs tech conference on Thursday. He pointed to huge demand for its AI chips. Orders for one system that pairs 36 Grace chips with 72 Blackwell chips are growing 27% each month. Nvidia gave the same guidance when it reported results last month.
Huang said people still think Nvidia only makes a chip. He said one of its AI systems now costs millions of dollars and fills huge racks.
Nvidia makes the chips that power most AI systems. It started out selling graphics cards for PC gaming. Today its data centre systems use enormous amounts of power and ship in huge numbers.
Nvidia faces more competition than ever. Amazon, Google and Microsoft are building their own chips, and so are AI labs like OpenAI and Anthropic. New rivals such as Cerebras and Etched are also chasing the same market.
Nvidia sits at the centre of the AI boom. Its growth and its chips affect everything from stock markets to the price of using AI tools.