Nvidia sees chip sales doubling next year as AI demand runs hot

Bloomberg+2 · 15 hours ago
Nvidia sees chip sales doubling next year as AI demand runs hot
  • Nvidia CEO Jensen Huang expects the company to sell twice as many chips in the coming year, driven by AI adoption across industries.
  • Nvidia Data Center revenue more than doubled year-over-year to $89.02 billion, cementing its lead in the AI economy.
  • Nvidia stock trades below its 52-week high despite robust fundamentals, with Wall Street consensus at a $327.18 price target.
  • Nvidia is the world's largest company by market capitalization and the only one worth over $5 trillion.

Quotes

Nvidia CEO Jensen Huang expects the company to sell twice as many chips in the coming yearJensen Huang
NVIDIA's Data Center revenue more than doubled year-over-year to $89.02 billion247Wallst
Nvidia (NASDAQ: NVDA) is once again reigning supreme as the largest company in the world by market capitalization.Yahoo Finance

Sources