At the Goldman Sachs conference on September 10, 2026, Nvidia CEO Jensen Huang reiterated his forecast that annual global AI infrastructure spending will reach $3 trillion to $4 trillion by 2030. This projection remains unchanged from his statement at the same event one year prior.
Nvidia reported fiscal Q2 2027 revenue of $96.2 billion, marking a 106% year-over-year increase, with $89 billion generated by data center operations. The company projects revenue growth of approximately 70% for fiscal 2028, while analysts anticipate growth closer to 45%.
Huang identified memory chip availability as the primary supply chain bottleneck. He noted that the stagnation of Moore’s Law compels companies to invest in specialized hardware. Current pricing for Nvidia platforms includes $18,000 for Hopper GPUs, $25,000 for Blackwell chips, and $40,000 for the upcoming Vera Rubin platform.
Combined capital expenditures by hyperscalers are projected to rise from $800 billion in 2026 to $1.3 trillion in 2027, representing a 60% increase. Additionally, Nvidia has partnered with financial firms to direct over $500 billion into AI data center projects.
