Washington, USA – Nvidia CEO Jensen Huang revealed that his company has a massive $500 billion in backorders for its chips, spanning 2025 and 2026.
Confidence in strong growth
Huang’s statement, made at the company’s GTC conference in Washington last October, represents a strong indication that Nvidia is confident of achieving another year of strong, albeit slower, growth for its next chip cycle.
Huang specifically stated, “This is the size of the recorded business. It has reached half a trillion dollars so far.”
Huang included in this amount revenues for 2025 to date, current sales of Blackwell GPUs, and next year’s Rubin GPUs, as well as related parts such as networking.
Expectations exceeding Wall Street
After analyzing the details of Huang’s statements, analysts concluded that this statement indicates Nvidia will achieve significantly higher annual revenues in 2026 than Wall Street previously expected.
However, despite this huge optimism in the recorded business volume, Nvidia’s stock is currently trading 5% lower than its level on October 28, the date on which Huang announced his intention to sell part of his shares.
