Huang says Nvidia could double chip sales next year
The move
Speaking in Scotland on September 19, Nvidia CEO Jensen Huang said the company could sell twice as many chips next year as this year, driven by demand for its new Vera Rubin architecture. Wall Street estimates put that near $700 billion in fiscal 2028 revenue, up about 70% from an expected $411 billion in fiscal 2027.
Why it matters
Huang says every frontier AI company plans to adopt Vera Rubin at launch, unlike the prior Blackwell Ultra generation, which is why he's more confident about next year's growth.
The bear case
Doubling chip sales assumes AI infrastructure spending keeps accelerating at its current pace, with no pullback from hyperscaler customers.
What to watch
Nvidia's next earnings call for updated Vera Rubin order and shipment numbers.