Nvidia CEO Projects $680 Billion Revenue Next Year Amid Surging AI Demand
Nvidia's Jensen Huang forecasts a 70% revenue increase for the coming year, signaling continued robust demand for AI infrastructure and chips across the industry.
The story
Nvidia CEO Jensen Huang announced a projected 70% increase in the company's revenue to $680 billion for the next fiscal year. This forecast highlights the sustained and intense demand for AI infrastructure and specialized chips that power artificial intelligence development and deployment.
Huang's statement underscores Nvidia's dominant position in the rapidly expanding AI hardware market, where its GPU systems are critical components. The company's focus extends beyond individual chips to providing comprehensive AI factory systems, with each system reportedly comprising 2 million components and requiring 250,000 kW of power. This substantial revenue growth projection signals a continued investment spree by hyperscalers and enterprises into AI capabilities, solidifying Nvidia's role as a key enabler of the AI economy.
Who moved
Apple
What Changed: Confirmed that rival companies have copied its iPhone Duo foldable design.
Why It Matters: The acknowledgment indicates Apple's significant influence on design trends in the foldable smartphone market.
Nvidia
What Changed: CEO Jensen Huang addressed concerns about AI, stating that 'doomer predictions' regarding artificial intelligence are not grounded in science.
Why It Matters: Huang's comments reflect ongoing industry discussions about AI safety and the company's perspective on the technology's future development.
Oracle
What Changed: Reported fiscal first-quarter results and guidance that surpassed Wall Street's estimates, with cloud revenue increasing 62% year-over-year to $11.6 billion.
Why It Matters: The strong cloud performance signals continued momentum in Oracle's enterprise cloud and infrastructure offerings, driven by AI workloads.
Adobe
What Changed: Announced second-quarter results and guidance above analyst estimates, while noting a slowdown in annual recurring revenue growth as it pursues a freemium AI strategy.
Why It Matters: The results indicate a balancing act between growth and its new AI strategy, impacting its subscription-based revenue model.
Products & launches
Roblox games
Company: Roblox
What: Developers can now publish their games as standalone applications, expanding distribution beyond the Roblox platform.
Platforms & policy
AI Safety
Development: Several AI safety researchers from Anthropic and Google DeepMind resigned from their positions due to concerns that advanced AI systems could become uncontrollable and detrimental to humans.
Antitrust Community
Development: The 2026 Antitrust Diverse Perspectives Roundtable is taking place today, September 15, in New York, featuring discussions on antitrust, consumer protection, and data privacy.
Money & markets
Nvidia. Reported record buybacks of $19.7 billion last quarter, contrasting with other major tech companies scaling back repurchases.
Alphabet. Ceased all share repurchases in 2026, with its free cash flow dropping to negative $5.9 billion.
Meta. Also stopped share repurchases in 2026, leading to an approximate 1.4% rise in its outstanding share count since Q3 2025 due to increased stock-based compensation.
Microsoft. Spent $6.8 billion on buybacks in the first half of calendar 2026, primarily to offset stock-based compensation, amidst analyst expectations of declining future free cash flow.
Reporting + analyst voices: grounded via Google Search at publish time.