Nvidia CEO Reaffirms 70% Revenue Growth Target for Next Year
At the Goldman Sachs Communacopia+ Technology Conference, Nvidia CEO Jensen Huang reiterated his confidence that the company can achieve 70% year-over-year revenue growth next year. He highlighted that sales of Nvidia's integrated AI computing systems—such as server racks incorporating 36 Grace CPUs and 72 Blackwell GPUs—are experiencing rapid monthly sales growth of 27%. This bold projection underscores the massive demand for full-scale AI data center infrastructure rather than standalone chips. It reinforces Nvidia's position as the foundational platform powering major AI labs, cloud providers, and enterprise technology across the global ecosystem. Huang addressed concerns regarding potential "circular financing"—where Nvidia invests in AI startups that subsequently purchase its hardware—claiming Nvidia only backs ventures with verified customer revenue contracts. He also stressed that modern AI infrastructure relies on complex server racks costing millions of dollars and containing millions of components linked via NVLink interconnects.
## BACKGROUND
Nvidia's Grace CPU is an Arm-based processor designed for data center applications, while its Blackwell architecture represents the company's latest GPU generation built to accelerate generative AI workloads. To link these processors efficiently at scale, Nvidia uses NVLink, a proprietary high-speed interconnect technology that provides low-latency and massive bandwidth across GPU and CPU clusters.