Nvidia CEO Jensen Huang announced at the company’s GTC conference in Washington that the tech giant has secured a staggering $500 billion in orders for its chips through 2025 and 2026. This figure underscores Nvidia’s pivotal role at the forefront of the artificial intelligence revolution, indicating sustained optimism regarding the demand for its products.
Huang’s comments come as Nvidia prepares for another strong, albeit slowing, growth trajectory following a remarkable 600% jump in quarterly revenue over the past four years. He outlined that this substantial business volume includes revenue from the current Blackwell graphics processing units (GPUs) and anticipates sales from the upcoming Rubin GPUs, along with other related components such as networking solutions.
Market analysts, interpreting Huang’s revelations, discerned a potential for significantly improved earnings in 2026 than previously projected. Wolfe Research analyst Chris Caso remarked in a November note that Nvidia’s disclosures hinted at a considerable upside to existing consensus estimates, with predictions that data center sales could surge by an additional $60 billion over the prior expectations for 2026. Caso maintains a “buy” rating for Nvidia’s stock, reflecting increased confidence in the company’s performance.
Despite this optimism, Nvidia’s stock is currently trading about 5% lower than its value at the time of Huang’s announcement on October 28, reflecting the ongoing scrutiny from investors regarding the sustainability of the AI boom. Concerns persist that major cloud companies, known as hyperscalers, and AI labs may be overextending their budgets on infrastructural investments.
Nvidia is scheduled to release its third-quarter earnings on Wednesday, with analysts from LSEG forecasting earnings per share of $1.25 and projected sales of $54.9 billion, which represents a remarkable 56% year-over-year increase. Expectations are for guidance in the January quarter to hit around $61.44 billion, suggesting a potential rebound in growth.
While Nvidia traditionally offers limited forward-looking guidance during earnings reports, any insights from Huang regarding the sales backlog and the outlook for calendar 2026 are anticipated closely, as they will not only impact Nvidia but the tech industry at large. Analysts currently project Nvidia will achieve $286.7 billion in sales for 2026, reinforcing the belief in the company’s future in the AI marketplace.
Nvidia’s significant order backlog positions the company favorably amid the evolving tech landscape, highlighting its adaptability and potential to continue leading in a sector characterized by rapid innovation and growth.