Jensen Huang has spent the past year telling investors that Nvidia (NVDA) is entering an “inference inflection”, with AI workloads expected to drive up to one trillion dollars of GPU demand by 2027. In fact, Nvidia’s data center revenue has already climbed more than 13 times since the launch of ChatGPT.
Those projections are showing up in the numbers. Fiscal 2026 revenue jumped 65% year-over-year (YOY) to 215.9 billion dollars, driven by data center chips that now account for most of Nvidia’s sales and generate over 100 billion dollars in annual operating cash flow. That cash is not only fueling buybacks and research spending but also giving Huang the flexibility to take meaningful stakes in other chip and infrastructure companies.
