Jensen Huang Just Delivered Incredible News for Nvidia Stock Investors

Nvidia (NASDAQ: NVDA) recently held its GTC conference in Washington, D.C., and CEO Jensen Huang made several big announcements. The chipmaker is seeing significant demand for its most advanced graphics processing units (GPUs), and it's going to be working with the U.S. Department of Energy.

Both announcements bode well for the future of Nvidia and indicate that it still has plenty of potential upside for investors. Here's a closer look at the details.

Image source: Nvidia.

Half a trillion in orders

Perhaps the biggest headline to come out of the GTC conference was that Nvidia has $500 billion in orders on the books for 20 million Blackwell and Rubin GPUs through 2026. That includes six million graphics processing units (GPUs) (30% of the total) that have already shipped, with the remainder to be fulfilled over the next five quarters.

Based on those numbers, Nvidia is looking at $350 billion (the remaining 70% of the $500 billion in orders) in revenue over those five quarters, or $70 billion per quarter just from its most advanced GPUs. To put that number into perspective, in the second quarter of its 2026 fiscal year, Nvidia reported $47 billion in total revenue.

It hasn't been all good news on the sales front for Nvidia lately. The company reported that it has zero share of the Chinese data center market due to U.S. export restrictions and the Chinese government instructing domestic companies not to buy Nvidia chips. Although President Trump previously said he may talk with President Xi about Nvidia's Blackwell GPU, the White House later confirmed that it wouldn't authorize sales of that GPU to China.

The lack of sales in China is unfortunate, as it used to account for 20% to 25% of Nvidia's data center revenue. But the company is clearly continuing to thrive, even without that market, and there's still the possibility that a deal will be made in the future to allow the sale of some Nvidia GPUs in China.

A partnership with the Department of Energy

Huang's GTC speech also included an announcement that Nvidia and Oracle are partnering with the U.S. Department of Energy to build seven AI supercomputers and boost scientific discovery. This includes the Solstice system, the department's largest AI supercomputer featuring a record-breaking 100,000 Blackwell GPUs. Another, the Equinox system, will have 10,000 GPUs.

With these supercomputers, thousands of researchers will have access to the most advanced AI infrastructure. They'll be able to develop and train AI reasoning models for open science, and then use those models to power agentic AI workflows.

The collaboration is a major development in the relationship between Nvidia and the federal government, and it seems likely that there will be more of these deals in the future. The fact that the department chose Nvidia GPUs for its research facilities reinforces the company's dominant position in the GPU market.

Nvidia continues to be one of the top tech investments

If you're an Nvidia investor, there's a lot to like about the company's recent moves. It has been announcing deals left and right -- building supercomputers for the Department of Energy is just one of the most notable, but it's also going to be supporting Uber in deploying a robotaxi network. Revenue growth has been fantastic, with over 50% year-over-year growth in nine consecutive quarters.

Nearly 90% of its revenue now comes from data centers, though, meaning Nvidia is heavily dependent on AI spending from hyperscalers. This is one of the bigger risks of investing in Nvidia, especially with growing concerns about whether we're in an AI bubble. Nvidia currently trades at 55 times trailing sales (as of Nov. 11), so any pullback in revenue could be problematic.

The company's valuation is on the high side, but that's the case with many of the top tech stocks. Nvidia looks much more reasonably priced when you factor in those $500 billion in GPU orders through the end of 2026.

Lyle Daly has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia, Oracle, and Uber Technologies. The Motley Fool has a disclosure policy.