Jensen Huang says demand growth "much greater than 70 per cent"

Nvidia has begun shipping H200 server chips to customers in China after securing approval under a revised U.S. licensing system, ending a months-long sales freeze. The initial deliveries made up less than 1 percent of the company’s $89 billion data-center revenue for the quarter ending July 26. Nvidia’s $108 billion forecast for the current quarter still assumes no data-center revenue from China. Executives sounded optimistic about global demand, projecting about 70 percent revenue growth by fiscal 2028 and attributing that target to supply limits rather than weak orders. CEO Jensen Huang suggested actual demand is significantly stronger than that figure, adding that secured manufacturing capacity remains insufficient. He also said major cloud providers represent only about half the opportunity, with enterprises, newer cloud companies, and government-backed AI initiatives contributing the rest.