Nvidia CEO Huang Expects Chip Sales to Double Next Year
SingTao · 2 SOURCES1 day ago1 MIN
Summary
Nvidia CEO Jensen Huang announced Thursday that the company expects to sell twice as many chips next year compared to this year, citing strong demand for artificial intelligence across industries and economies worldwide. The announcement came during a summit in Scotland attended by King Charles III. The semiconductor giant also indicated its sales momentum will remain robust over the next six quarters, with analysts upgrading their forecasts following the positive guidance. Nvidia's stock closed up 2.54% at $219.30.
Key Points
- Nvidia projects chip sales to double next year, with strong growth expected to continue for the next six quarters
- The company's latest forecast for fiscal year ending January 2028 shows revenue growth of 70% to approximately $673 billion
- Jensen Huang made the announcement at a summit in Scotland alongside King Charles III
- Nvidia shares rose 2.54% to close at $219.30 following the announcement
- Analysts broadly upgraded their expectations for Nvidia following the positive guidance
- Huang revealed last autumn that Nvidia shipped 6 million Blackwell GPUs across four quarters
Why It Matters
The doubled chip sales projection underscores the insatiable global appetite for AI infrastructure, positioning Nvidia at the center of the AI arms race and potentially reshaping investment flows into Hong Kong-listed tech stocks with AI exposure .
The doubled chip sales projection underscores the insatiable global appetite for AI infrastructure, positioning Nvidia at the center of the AI arms race and potentially reshaping investment flows into Hong Kong-listed tech stocks with AI exposure .