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Nvidia Projects 70% Growth as AI Demand Surges

Nvidia CEO Jensen Huang expects the company to grow 70% in the coming year, projecting annual revenue to reach approximately $680 billion compared to an estimated $400 billion for the current fiscal year.

Huang emphasizes that Nvidia's technology serves as a fundamental platform for the AI industry, powering the majority of AI models currently in development. The company's chips are integral to systems built by major players including Anthropic, OpenAI, and Google, cementing Nvidia's central role in the AI infrastructure race.