Nvidia CEO Announces Plan to Double Chip Sales Next Year
Nvidia CEO Jensen Huang announced that the company plans to double its chip sales next year, citing strong demand driven by AI adoption across industries. The statement comes amid continued forecasts of significant growth for Nvidia over the coming quarters and follows a recent projection of 70% revenue growth in fiscal year ending January 2028. Huang made these remarks ahead of an AI safety summit with U.K.'s King Charles III, where he emphasized that AI is becoming increasingly integral to global economies. Nvidia produces various semiconductor products beyond its well-known GPUs for data centers and AI applications, including CPUs, switch chips, optical networking components, laptop processors, Jetson chips for robotics, and gaming console hardware. While the company does not disclose total chip sales figures, Huang previously noted that 6 million Blackwell GPUs were shipped in four quarters last year.
Tickers: $NVDA
Topics: AI Nvidia Sales Growth Semiconductors