By Kif Leswing
Publication Date: 2025-11-17 12:00:00
Jensen Huang attends a reception for the 2025 Queen Elizabeth Prize for Engineering, at St James’ Palace in London, Brirain, Nov. 5, 2025.
Yui Mok | Via Reuters
Nvidia CEO Jensen Huang revealed in October that his company has $500 billion in orders, in 2025 and 2026 combined, for its chips that are at the heart of the AI boom.
For a company that has seen its quarterly revenue grow nearly 600% over the past four years, Huang’s statement was a sign that Nvidia is confident of another year of strong — but slowing — growth for its next cycle of chips, implying that the AI boom still has room to run.
“This is how much business is on the books. Half a trillion dollars worth so far,” Huang said at the company’s GTC conference in Washington.
Huang included 2025 revenue so far, sales of Nvidia’s current Blackwell graphics processing units and next year’s Rubin GPUs and also related parts like networking. After parsing through the details of Huang’s remarks, analysts concluded that the statement signaled a meaningfully higher year by revenue in 2026 than Wall Street had previously expected.
“NVDA’s disclosures suggest clear upside to current consensus estimates,” wrote Wolfe Research analyst Chris Caso in a November note. Caso estimated that Huang’s data point suggested data center sales that could be $60 billion over prior calendar 2026 estimates. He has the equivalent of a buy rating on the stock.
But Nvidia stock is trading 5% under where it was when Huang called Nvidia’s shot on…