Nvidia CEO Jensen Huang Forecasts Doubling Chip Sales in Next Year
Nvidia CEO Jensen Huang expects the company to sell twice as many chips next year, driven by growing adoption of artificial intelligence across various industries. Speaking at an event hosted by King Charles III in Scotland, Huang emphasized AI's benefits and called for responsible development practices amid rising concerns about its potential risks. As a leading provider of AI accelerators, Nvidia is positioned to capitalize on surging demand for chips used in developing and running AI models. The company previously projected 70% sales growth for the next fiscal year, with revenue potentially doubling if supply meets demand. On Thursday, Nvidia shares rose by as much as 2.8%, reversing some of last week's losses.
Tickers: $NVDA
Topics: AI Growth Forecast Nvidia Semiconductors