- Nvidia CEO Jensen Huang said at a King Charles III-convened AI gathering in Scotland that Nvidia expects to sell twice as many chips over the coming year, according to Bloomberg, citing demand in almost every country where the company operates.
- Nvidia's written guidance points to about 70% revenue growth in the fiscal year ending January 2028, roughly $673 billion, per CNBC. If unit volumes double while revenue grows 70%, average revenue per chip falls by roughly 15%.
- Nvidia's quarter ended July 26 delivered $96.2 billion of revenue, up 106% year over year, with $89.0 billion from data center and a 75.0% gross margin. Fiscal Q3 revenue is guided to $108 billion, plus or minus 2%.
- Management has told investors gross margin will decline and bottom in fiscal Q4 2027 at 71% to 72%, partly on memory prices, so the margin trough lands before the unit doubling does.
- King Charles III used the Scotland event to press Nvidia, OpenAI, Google DeepMind and Anthropic for control measures, while Huang argued safety belongs to individual companies rather than a coordinated pause.
- Seeking Alpha flagged Huang's doubled chip volume outlook as a top market catalyst for the session, alongside a Saudi F-35 deal, a possible China tariff delay and a CXMT NAND push.
Quotes
“Compute is revenue.”
“people want to invest in AI”
“we should hold it back and keep engineering”
“we need sufficient means of control before it is all too late”
“Nvidia CEO Jensen Huang says NVDA could double chip sales next year as AI adoption accelerates.”