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Nvidia’s $500 Billion Revenue Potential
Nvidia (NASDAQ: NVDA) announced at its annual GTC Conference in October 2023 that demand for its new Blackwell and upcoming Rubin GPUs has generated a staggering $500 billion in orders. This revenue is expected to materialize over the next five quarters. Following this announcement, Nvidia’s market cap surpassed $5 trillion.
It’s important to note that Nvidia’s finance team clarified that approximately 30% of the cited demand pertains to chips already shipped, indicating that the realistic backlog is closer to $307 billion. The company primarily derives revenue from its data center division, which now exceeds $30 billion per quarter.
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