Nvidia Forecasts 2x Chip Sales Next Year as AI Demand Drives $673 Billion Revenue Outlook
Updated
Updated · CNBC · Sep 17
Nvidia Forecasts 2x Chip Sales Next Year as AI Demand Drives $673 Billion Revenue Outlook
3 articles · Updated · CNBC · Sep 17
Summary
Jensen Huang said Nvidia expects to sell twice as many chips next year as this year, extending the company’s growth outlook through at least the next six quarters.
AI investment across industries and countries is driving that forecast, Huang said, arguing the technology is delivering enough economic benefit to keep spending strong.
Nvidia does not disclose total unit shipments, but Huang said last fall it had shipped 6 million Blackwell GPUs over four quarters; the company also sells CPUs, networking and automotive chips.
The forecast follows Nvidia’s recent projection of 70% growth for the fiscal year ending in January 2028, to about $673 billion, which pushed analyst expectations higher.
Speaking at a U.K. summit with King Charles III, Huang also addressed AI safety, saying unsafe products should be held back for further engineering.