Nvidia CEO Jensen Huang said Thursday he expects the company to sell twice as many chips next year as it does this year, citing surging demand for AI computing power across nearly every country the company operates in.
“I expect Nvidia to sell twice as many chips as this next year as we do this year,” Huang told reporters in Scotland, according to CNBC, ahead of a summit with King Charles III on AI safety that also included representatives from Google DeepMind, OpenAI and Anthropic.
Huang tied the projected surge to the economic footprint AI is carving out worldwide. “The reason for that is because AI has, has so much contribution to the benefits of different industries, different economies, and you can see that in almost every single country that we’re in, people want to invest in AI,” he said.
Nvidia does not publish a total figure for chips sold, so there is no official baseline to double against. But the company’s data center GPUs, including its Blackwell and Rubin lines, are the backbone of AI computing infrastructure. Huang said last fall that Nvidia had shipped 6 million Blackwell GPUs over a four-quarter span.
The forecast follows Nvidia’s decision, during its most recent quarterly earnings report, to project future performance for the first time. That announcement triggered a broad rally in chip stocks, with Nvidia shares climbing more than nine percent in morning trading after CFO Colette Kress projected 70 percent revenue growth for fiscal 2028, which runs from February 2027 to January 2028.
Huang said at the time that real demand from the AI industry is running well ahead of that number. “Actual demand is much greater than 70 percent,” he said, describing AI as having “reached its inflection point.”
He also credited better visibility into Nvidia’s supply chain for the company’s newfound willingness to forecast. “We’ve never forecasted like this before, we have a lot greater visibility now,” Huang said. He contrasted the current landscape with a year ago: “This time last year, one lab alone was driving the build-out. Today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online, with strong momentum across the U.S. and around the world.”
Nvidia’s business extends well past its flagship GPUs. The company also builds CPUs, switch chips, optical networking chips, laptop chips and Jetson chips used in robotics and vehicles. One of its chips even powers Nintendo’s Switch 2 console.
Safety Talk in Scotland
The summit where Huang made his remarks was framed around AI safety, a subject drawing more scrutiny as researchers warn that the most advanced AI systems may eventually slip beyond human control. Asked about the issue, Huang gave a measured response: “When a product is not safe, we should hold it back and keep engineering it.”
