Nvidia Says Its Revenue Forecast Has Only Grown More Bullish

Nvidia Corp., countering fears about an AI spending bubble, said that an upbeat revenue forecast delivered in October has only gotten brighter due to strong demand.

Large customer deals — and increasing uptake of new AI models — have brought in more orders than anticipated, the company said during presentations Tuesday at the CES show in Las Vegas. In October, Nvidia had projected about half a trillion dollars of revenue from current and future data center chips by the end of 2026.