Nvidia CEO says company will double chip sales next year

Nvidia CEO Jensen Huang said on Thursday that the company will double the number of chips it sells next year.

It's the latest forecast from Nvidia that points to continuing massive growth for the next six quarters, and comes shortly after the company revealed that it expected 70% growth in the fiscal year ending in January 2028, or about $673 billion, which caused analyst expectations to shoot up.

"I expect Nvidia to sell twice as many chips as this next year as we do this year," Huang told the media at a summit with the U.K.'s King Charles III in Scotland. "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."

Nvidia doesn't disclose the number of chips it sells in total. Its best-known products are its data center graphics processing units, or GPUs, such as its Blackwell and Rubin chips. Last fall, Huang said that Nvidia had shipped 6 million Blackwell GPUs in four quarters.

But Nvidia makes a variety of semiconductors in addition to its GPUs, including central processors, or CPUs, switch chips, chips for optical networking, chips for laptops, Jetson chips for robots and cars, and the chip inside Nintendo's Switch 2 gaming console.

Huang, who was joined at the summit by representatives from Google DeepMind, OpenAI, and Anthropic, was in the U.K. to discuss AI safety, a topic that he's repeatedly weighed in on in recent weeks

The public discourse over risks to humanity has reached a fever pitch after AI researchers warned that humans are no longer able to control the most advanced artificial intelligence.

"When a product is not safe, we should hold it back and keep engineering it," Huang said.