Nvidia’s data center business is performing better than previously expected and revenue from its current and future data center chips will “definitely” exceed the company’s earlier $500 billion forecast by the end of 2026, Chief Financial Officer Colette Kress said on Tuesday.

Speaking at an event hosted by JPMorgan, Kress said Nvidia had become more optimistic about its data center outlook due to strong demand, adding that the $500 billion projection disclosed in October would be surpassed.

The figure refers to comments made by Nvidia Chief Executive Jensen Huang at the company’s GTC conference more than two months ago, when he said Nvidia’s existing and future data center chips were expected to generate about $500 billion in revenue by the end of 2026. Goldman Sachs said in late October that the forecast was around 12% higher than market consensus at the time.

Kress’s remarks followed upbeat comments from Huang a day earlier at the Consumer Electronics Show (CES), where Nvidia formally unveiled its new Rubin chip.

In his keynote address on Monday, Huang said the company’s next-generation Vera Rubin platform had entered full production and that inference costs had fallen to one-tenth of those of the Blackwell platform.