Nvidia CEO Sees Chip Sales Doubling Next Year, Dismisses AI Slowdown Fears
NVDA sits 35% above its 52-week low of $164.27.
Summary
Jensen Huang publicly stated he expects Nvidia to sell twice as many chips next year as this year, citing broad AI demand across countries. This is a strong forward-looking signal from the CEO, especially after Q2 revenue doubled to $96.2B and Q3 guidance of $108B. Huang also pushed back on AI slowdown concerns, saying unsafe products should be held back but not implying a broader pause. The comment follows CFO Colette Kress's projection of ~70% revenue growth for FY ending Jan 2028. Traders will weigh this against recent China chip competition news and the company's massive supply commitments.
At the time of this announcement, NVDA was trading at $221.07 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.3T. The 52-week trading range was $164.27 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.