Nvidia CEO Jensen Huang Outlines Ambitious Growth Plan for Shareholders
Jensen Huang, CEO of Nvidia (NVDA), has publicly backed a bold revenue forecast during an AI summit in Scotland on September 17, 2026. He stated that the company expects to double its chip shipments next year compared to this year's output. This aligns with CFO Colette Kress’s earlier guidance for 70% fiscal 2028 revenue growth from current levels. Despite strong demand, supply bottlenecks remain a challenge. Nvidia is currently trading below its May 2026 all-time high of $235.74 and faces production constraints that limit the pace of expansion. The company’s projected fiscal 2028 revenue could reach approximately $673 billion, significantly exceeding prior Wall Street estimates which had forecasted around 44% growth for the same period. Huang emphasized a broadening demand pattern beyond hyperscalers to include sovereigns and enterprises, with non-hyperscaler customers already accounting for nearly half of Nvidia’s data center business. This expansion supports his confidence in doubling chip volume as AI adoption accelerates across industries.
Tickers: $NVDA
Topics: AI CEO statement growth forecast semiconductors