Nvidia Says Its AI Chip Sales Will Grow 70% Next Year

Nvidia CEO Jensen Huang told an investor conference Thursday that his company expects revenue to grow 70% next year. Analysts think Nvidia will finish this year at about $400 billion — so next year could hit roughly $680 billion. For context, one of Nvidia's top-end AI systems now costs $8.5 million and contains 2 million parts. These are not chips for your laptop; they're the engines inside giant data centers that train and run AI.

Why is he so confident? Because Nvidia's chips run almost every major AI model — OpenAI's, Anthropic's, Google's, plus free open-source ones. "Nvidia runs every model," Huang said. Because so many companies buy its hardware, Nvidia claims it can see where AI is being built worldwide, down to individual data centers and power plants.

The catch: skeptics worry about "circular deals," where Nvidia invests in AI companies that then buy its chips. Huang waved this off with a joke: "We put in $1 and $100 comes back." He says he only invests where real customer contracts exist. Still, much of AI's spending today comes from startups burning through investor money, and Google, Amazon, Microsoft, and OpenAI are all building their own chips to depend less on Nvidia.

So what does this mean for you? Nvidia sits underneath nearly every AI product you use. Its growth signals AI is still expanding fast — meaning more AI features arriving sooner, more data centers being built, and more pressure to bring costs down. But it also means a lot rides on one company. If Nvidia stumbles, or if AI spending suddenly slows, the ripples reach your apps, your electricity bills, and your retirement account.