On Wednesday, Nvidia Corp. (NASDAQ:NVDA) said demand for its latest AI chips continues to increase at a pace that could boost overall revenue for its company Blackwell And Rubin platforms beyond the previously announced target of $500 billion through 2026.
Nvidia reaffirms a massive $500 billion roadmap with significant benefits ahead
During the company’s earnings call Morgan Stanley analyst Joseph Moore pressed executives on whether Nvidia was still moving toward the ambitious revenue prospects outlined at the GTC conference.
At the time, the company projected cumulative sales of $500 billion for Blackwell and Rubin through calendar year 2026. Moreover, Nvidia had already shipped about $150 billion.
Moore questioned whether the remaining $350 billion in expected sales over the next fourteen months is still the overall parameter and whether growing demand could push the total even higher.
In response, Nvidia’s CFO says Colette Kress said the company remains firmly on track – and that demand could exceed its original forecast.
“We are on track with that as we have completed a number of quarters… The number will grow,” she said, adding that Nvidia expects “additional computing power needs” that will be ready to ship in fiscal 2026.
“We shipped $50 billion this quarter. But we wouldn’t be done if we didn’t say we’re likely to take more orders,” she said.
See also: Nvidia vs. AMD: The gap is not closing, but widening
New mega deals indicate rising global demand for Nvidia AI chips
Kress pointed to new demand signals, including Nvidia’s recently announced partnership with Saudi Arabia.
The agreement alone includes 400,000 to 600,000 additional GPUs over the next three years. She also highlighted the ongoing large-scale orders from Anthropicnoting that such deals create a clear benefit beyond the initial revenue target.
“So there is certainly an opportunity for us to get more on top of the $500 billion that we announced,” Kress said.
Nvidia extends record series with new profit margin
Nvidia posted third-quarter revenue of $57.0 billion, up 62% from last year, surpassing the Wall Street consensus of $54.88 billion. Benzinga Pro.
The chipmaker posted earnings of $1.30 per share, ahead of analyst expectations of $1.25.
The results extended Nvidia’s streak to 12 consecutive quarters of top estimates on both revenue and profit, with the latest period also setting a new sales record.
The tech giant currently has a market cap of $4.53 trillion.
On Wednesday, Nvidia closed at $186.52, up 2.85%, and climbed further to $196 in after-hours trading, reflecting a 5.08% gain. The chipmaker is in the 98th percentile for growth and in the 92nd percentile for quality Benzinga’s Edge Stock Rankingswhich underlines the striking performance compared to industry peers.
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Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.
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