Jensen Huang explains why Nvidia will grow an astounding 70% next year

It’s tempting to see a 70% growth projection as pure fantasy, especially for a company already sitting at a trillion-dollar valuation. But Huang's argument isn't about magic; it's about geography. Nvidia has positioned itself as the indispensable terrain upon which the entire AI revolution is built. When Huang says Nvidia has its "finger in every pie," he's not being hyperbolic—he's describing a deliberate strategy of ubiquity, where the company's hardware is the default substrate for everything from hyperscale data centers to edge devicescars and robots. The projected growth isn't a bet on any single vertical, but a bet on the continued industrialization of AI across all of them. The most interesting part of this report is Huang's defensive posture regarding "circular" deals. This is a reference to the intricate financial web where Nvidia invests in AI startups—like OpenAI and others—which in turn use their capital to purchase massive quantities of Nvidia's GPUs. Critics argue this creates a feedback loop: Nvidia's investment money flows back into Nvidia's own revenue stream, artificially boosting demand figures and inflating an AI bubble. Huang's insistence that these are not circular is a tacit acknowledgment that the optics are bad. But the reality is more nuanced. In a capitalist ecosystem, venture capital has always flowed to create the infrastructure needed for a sector to scale. Nvidia's investments are less about propping up revenue and more about de-risking the market's future. If Nvidia doesn't write those checks, the compute capacity might not exist in three years. It's a chicken-and-egg problem, and Nvidia has decided to be the chicken, the egg, and the farmer all at once. However, the $64,000 question remains: why is Huang so vocal about this now? If growth is so robust, why spend time denying circularity? The answer likely lies in the tectonic shift occurring in the AI market. Venture capital is cooling, and enterprise CFOs are starting to ask for return-on-investment justifications for their AI spending. Huang is front-loading his defense to ensure that when the inevitable scrutiny comes, Nvidia's narrative—that it is the foundational layer of a new industrial revolution—is already firmly in placeaint. The balancing act for Nvidia is sustaining this hyper-growth without tipping the market into a quagmire of speculation. If the AI capex cycle slows or the startups Nvidia has funded falter, the "circular" accusation will resurface with a vengeance. For now, though, Huang is betting that the sheer weight of Nvidia's integration into the global economy is enough to turn a 70% growth forecast from an anomaly into a new baseline. [Source: TechCrunch](https://techcrunch.com/2026/09/10/jensen-huang-explains-why-nvidia-will-grow-an-astounding-70-next-year/)