Nvidia forecasts extraordinary sales growth thanks to AI

U.S. chipmaker Nvidia expects to sell twice as many chips next year as this year, chief executive Jensen Huang has said, citing strong demand for AI across various industries and economies.

“I expect Nvidia to sell twice as many chips next year as this year,” Huang told reporters ahead of an AI summit with Britain’s King Charles III in Scotland.

“The reason for this is that AI is delivering great benefits across various industries and economies, and you can see that almost everywhere we are. People want to invest in AI,” he said.

The forecast signals continued rapid expansion of the semiconductor giant over the next six quarters.

Nvidia recently forecast 70 percent revenue growth for the fiscal year ending January 2028, potentially taking annual revenue to around $673 billion.

The company does not disclose the total number of chips it sells. Its best-known products are graphics processing units for data centers, including the Blackwell and Rubin chips used to develop and run advanced AI systems.

Huang said last year that Nvidia had shipped 6 million Blackwell GPUs over four quarters.

AA