Jensen Huang Expects Further Nvidia Explosion and 70 Percent Revenue Growth
Nvidia CEO Jensen Huang predicts further massive growth. Thanks to its dominance in AI systems and the new Blackwell architecture, the company expects revenue of up to $680 billion in 2028. Find out why Nvidia is no longer just a chipmaker.
Nvidia's Ambitious Vision: Targeting $680 Billion in Revenue by 2028
According to its CEO Jensen Huang, Nvidia is far from finished with its extreme growth. Speaking at a Goldman Sachs conference, the company's CEO reaffirmed that the firm believes in approximately 70% year-over-year revenue growth in fiscal year 2028. If this bold forecast comes true, the tech giant could reach annual revenues of around $680 billion.
Transformation from Chipmaker to Systems Provider
During his presentation, Jensen Huang pointed out that investors still view Nvidia too much through the lens of a traditional graphics processor manufacturer. However, the reality of today's market is different. Nvidia's current products represent complex systems for data centers that integrate:
- Advanced computing chips and accelerators
- Complete network infrastructure
- Integrated liquid cooling systems
- Proprietary software layer optimized for AI
A typical example of this strategy is the GB200 NVL72 system. It combines 72 Blackwell GPUs and 36 Grace CPUs into a single liquid-cooled unit. Thanks to NVLink technology, the entire assembly essentially functions as a single giant accelerator.
Record Numbers and Unrelenting Demand
The management's optimism is not built on mere promises but is backed by concrete financial results. In the second quarter of fiscal year 2027, Nvidia reported record revenue of $96.2 billion, representing a 106% year-over-year increase. The main driver is the data center division, which generated $89 billion (a 117% increase).
Huang further added that sales of Grace Blackwell NVL72 systems are growing by 27% month-over-month. If the current market consensus, which expects revenue of around $400 billion for the full fiscal year 2027, is met, the announced 70% growth in the following year would mean an incredible $680 billion.
Strategic Advantage: Nvidia Sees Around the Corner
One of the main reasons Huang maintains such a level of confidence is Nvidia's unique position across the entire artificial intelligence ecosystem. The company does not only work with direct customers but maintains close ties with:
- Cloud service providers (hyperscalers)
- Manufacturers of server racks and components
- Specialized AI cloud operators
- Developers of leading AI models
Thanks to this broad scope, Nvidia can monitor virtually all significant data center projects from their inception—including land availability, power supply security, and building construction.
The Foundational Platform of the Entire AI Industry
Huang describes Nvidia as the foundational platform for the entire industry. Its infrastructure is used by virtually all key players, regardless of whether they develop closed models (OpenAI, Anthropic, Google) or bet on open-source solutions.
Despite the optimistic outlook, Nvidia faces criticism. Part of the market points to growing competition and the practice of Nvidia investing in companies that subsequently purchase its hardware. However, Jensen Huang mitigates these concerns by arguing that these projects are backed by real contracts worth approximately $100 billion.
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I got into cryptocurrencies at the end of 2020 and quickly became a Bitcoin maximalist. I’m interested in what’s happening in the financial markets, and in my free time I travel around Southeast Asia. At KryptoMagazine, I’m in charge of news and video content.