Rate Of Return🚀💥Nvidia CFO 亲自确认：Jensen 的「五季 5000 亿」预测其实还不含中国与 OpenAI 巨单（$NVDA）
Nvidia CFO's latest statement has directly redrawn the upper limits of all Wall Street models:
"The $500 billion forecast we mentioned does not include any content from the new agreement with OpenAI."
The market's reaction to this statement has been far from strong enough. Because this means—
The "five quarters to $500 billion" growth path mentioned by Jensen Huang not only excludes the Chinese market but also doesn't account for the massive OpenAI partnership announced at the end of September.
In other words:
Nvidia is achieving these results without any tailwinds.
1️⃣ Market concerns vs. reality mismatch
Current major investor concerns focus on:
• Restrictions in the Chinese market
• Potential slowdown in AI CapEx growth
• Uncertainty in large model orders
These concerns have led to $NVIDIA(NVDA.US) being unreasonably discounted.
But the key is:
Nvidia's explosive growth in recent quarters hasn't relied on these "potential positives."
2️⃣ Reality is stronger: High-speed growth in headwinds
The growth in past quarters was achieved under the following conditions:
• China revenue nearly zeroed out
• OpenAI mega-order completely excluded
• Major cloud providers still destocking
• H200/Blackwell not yet at full scale
This is a "pure internal strength" growth model.
If they can run like this without tailwinds—what speed will they reach when tailwinds return?
3️⃣ What's being overlooked: The "tailwind compounding effect" hasn't even started
In the future, just one variable recovering could trigger secondary acceleration:
• China market recovery
• OpenAI partnership included in financials
• Continued expansion of Neocloud like CoreWeave
• Global data center upgrade cycle fully kicking off
• Commercial AI model deployment driving long-tail demand
Current growth seems strong, but it might just be the "base growth rate."
The real excess growth will come from the chain amplification effect of late-stage tailwinds.
For investors, this isn't just an opportunity for Nvidia—
It's a systemic window of opportunity for the entire AI infrastructure chain, accelerators, servers, cooling, Neocloud, and data center infrastructure.
What do you think?
Is the market's biggest mistake right now over-worrying about China or completely underestimating the real impact of OpenAI's mega-order?
📬 Continuous analysis of AI capital expenditure, GPU supply-demand gaps, data center expansion cycles, and $NVIDIA(NVDA.US)'s long-term growth path to help you position before the next computing wave begins.
#Nvidia #AI #Semiconductors #GPU #OpenAI #DataCenter #CloudComputing #TechStocks #ChipIndustry
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
