Nvidia chief executive Jensen Huang said he expects the company to sell twice as many chips next year as it does this year, CNBC reported. Huang made the remarks to reporters in Scotland, where he was attending an AI summit with King Charles III.
The reason he gave was demand breadth rather than any single customer. Huang said AI is benefiting industries and economies broadly, and that in nearly every country Nvidia operates in, people want to invest in it.
Huang is describing chips shipped; Nvidia's formal guidance describes dollars booked, and calls for 70% revenue growth in fiscal 2028, the year ending January 2028. Nvidia does not disclose total chip sales, though Huang has said the company shipped 6 million Blackwell GPUs over four quarters.
The recent revenue base is already steep. Nvidia posted $96.2 billion in revenue in the second quarter of fiscal 2027, the quarter ended July 26, 2026, up 106% from a year earlier, and guided to roughly $108 billion for the current quarter.
The constraint is not orders. Finance chief Colette Kress has said the company is supply constrained, and that revenue could double if it were not.
Europe is part of the volume story. The European Commission puts each planned AI gigafactory on the continent at roughly 100,000 chips, and European buyers purchase on the open market rather than through the kind of bespoke arrangements that define Nvidia's largest US relationships.
Huang also used the summit to discuss AI safety with officials from Google DeepMind, OpenAI and Anthropic. Separately, Sam Altman has ruled out an OpenAI IPO in 2026.
At GTC 2026 the company committed $2 billion to Lumentum to secure optical interconnects, the component that moves data between GPUs. Huang has also spent the year defending Nvidia's software claims in public, including a dispute over how DLSS 5 actually works.
Source: CNBC
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