Jensen Huang explains why Nvidia will grow an astounding 70% next year

Nvidia founder and CEO Jensen Huang explained to attendees at the Goldman Sachs Communacopia + Technology conference why his company’s AI domination and revenues will continue their record-breaking growth streak through the end of next year. Amid rising competition from hyperscalers, AI labs, and startups building custom chips, Huang emphasized that Nvidia provides massive interconnected systems rather than simple standalone components. Pointing out how far technology has evolved from early consumer GPUs, Huang noted that a modern GPU system can cost millions of dollars, integrate millions of parts, and consume massive amounts of power, with thousands of units being shipped. He added that orders for a computer system combining Grace CPUs and Blackwell GPUs are experiencing 27% month-to-month sales growth. Reiterating guidance provided following a record revenue quarter, Huang expressed full confidence that the company could achieve a 70% year-over-year revenue growth next year, supported by Nvidia's deep integration across every area of the artificial intelligence landscape.