Nvidia’s Huang projects chip sales to double in 2027

Nvidia ↗ 2.67% CEO Jensen Huang projected Thursday that the chipmaker expects to sell twice as many chips in 2027 as it will this year, offering one of his most bullish forecasts yet as global demand for AI hardware continues to accelerate.

Huang made the remarks while attending an AI safety summit hosted by King Charles at Dumfries House in Scotland, where he appeared alongside leaders from OpenAI, Anthropic, and Google DeepMind Alphabet Inc. ↗ 1.49%. Nvidia shares rose in pre-market trading following the forecast, according to NDTV Profit.marketscreener+2

A Growth Trajectory Built on AI Infrastructure

The projection builds on a series of increasingly ambitious targets from Huang. At Nvidia's GTC conference in March, the CEO predicted the company would generate at least $1 trillion in revenue from its Blackwell and Vera Rubin AI chips through 2027, doubling a prior forecast of $500 billion through 2026. In August, Nvidia reported $96.2 billion in quarterly revenue and guided for roughly 70 percent revenue growth in its fiscal 2028.cnbc+3

Huang has also argued that the AI infrastructure buildout needs far more participants. Speaking earlier this month at the Goldman Sachs ↗ 0.11% Communacopia conference, he said demand for Nvidia's Blackwell architecture was "off the charts" and described a shift from selling individual GPUs to selling full-stack AI factory infrastructure. In a separate appearance, he said hyperscalers are "always almost wrong" in their capacity planning because they forecast once a year while AI demand shifts far more rapidly. His proposed workaround: expanding beyond the handful of major cloud providers to a network of hundreds or even thousands of smaller, nimbler regional cloud operators.tradingview+1

The Scotland Summit and AI Safety Debate

Thursday's summit came at a charged moment for the AI industry. It was the first major international gathering of frontier AI companies since Anthropic CEO Dario Amodei and other industry leaders called for a coordinated slowdown in AI development over safety concerns. King Charles warned attendees of the "existential dangers" of AI falling into the wrong hands, calling for safeguards before it becomes "too late".reuters+1

Huang, who just days earlier argued that the AI industry does not need new laws or regulations, used the Scotland forum to stress the importance of responsible development, saying unsafe products must be kept from the market. The tension between his growth-at-all-costs chip forecast and the summit's cautionary tone underscored a widening divide within the industry over how fast to push forward.bloomberg+1