Nvidia CEO expects chip sales to double next year driven by AI

Nvidia just posted quarterly revenue of $96.22 billion. That number is up 106% from the same quarter a year ago, and it still might not be enough to satisfy the appetite for AI chips. CEO Jensen Huang told investors during the company’s fiscal Q2 2027 earnings call on August 26 that customer demand forecasts point to chip sales doubling next year. The catch: Nvidia probably won’t be able to deliver on all of it, because the supply chain can’t keep up. The numbers behind the confidence Nvidia’s data center business generated $89 billion in revenue during the quarter. That’s a 117% year-over-year increase, making it the engine behind essentially all of the company’s growth. For the current quarter, Nvidia guided revenue of approximately $108 billion, give or take 2%. For the full fiscal year 2028, ending January 2028, the company projected about 70% year-over-year growth. Huang reiterated these figures at a September conference, expressing confidence that Nvidia could hit 70% annual growth while noting that underlying customer demand suggests something closer to a full doubling. CFO Colette Kress spelled it out during the earnings call: supply constraints, particularly in high-bandwi...