{
  "id": 6652436,
  "title": "Jensen Huang explains why Nvidia will grow an astounding 70% next year",
  "url": "https://urgent.news/2026/09/10/jensen-huang-explains-why-nvidia-will-grow-an-astounding-70-next-year",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-10T21:51:59.000Z",
  "source": {
    "name": "TechCrunch",
    "slug": "techcrunch",
    "url": "https://techcrunch.com/2026/09/10/jensen-huang-explains-why-nvidia-will-grow-an-astounding-70-next-year/"
  },
  "original_language": "en",
  "account": "Nvidia CEO Jensen Huang addressed a crowd at the Goldman Sachs Communacopia + Technology conference on Thursday, explaining why he is confident his company's AI dominance will continue its record-breaking growth streak through the end of next year. Huang addressed growing competition from hyperscalers like Amazon, Microsoft, and Google, as well as AI labs such as Anthropic and OpenAI, along with new players like Cerebras and startups like Etched. He noted that Nvidia's GPUs, once costing around $399, now range from $8.5 million to $100 million each, packed with millions of parts and consuming vast amounts of power. Despite these challenges, Huang reiterated Nvidia's revenue outlook for next year, stating that they are confident in growing revenue by 70%. Analysts expect the company to end its current fiscal year with revenue nearing $400 billion, making a 70% growth projection result in approximately $680 billion in revenue next year. Huang explained that Nvidia's foundational role in the AI ecosystem, extending from suppliers to data centers and AI-native companies, gives him confidence in the company's future. He humorously addressed the company's practice of investing in startups that later purchase Nvidia's products, emphasizing that, despite the potential circularity, Nvidia ensures these investments come with real revenue-generating contracts.",
  "summary": "Nvidia has its finger in every pie, and sees another year of plenty in its future, Jensen Huang says. But, he insists, its deals are not circular.",
  "key_points": [
    "Nvidia CEO Jensen Huang predicts 70% revenue growth next year",
    "Competition from hyperscalers and AI labs challenges Nvidia's dominance",
    "Foundational role in AI ecosystem gives Huang confidence in company's future"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}