Nvidia’s Jensen Huang predicts $1tn in AI chip revenue over 2 years

Chip group’s higher than expected sales forecast fails to boost share price

Nvidia expects to sell $1 trillion in AI chips through 2027 — and it's pushing further into inference

Nvidia cofounder and CEO Jensen Huang Patrick T. Fallon / AFP via Getty Images Nvidia CEO Jensen Huang debuted a new AI inference system during his GTC conference keynote. The product incorporates technology from Groq, with which Nvidia made a $20 billion deal. The chip can speed up inference workloads by 35 times and is shipping later this year, Huang said. Nvidia CEO Jensen Huang unveiled a new inference system at the company's annual GTC conference on Monday — the company's most decisive...

Nvidia Shares Pump & Dump After CEO Jensen Expects "At Least" $1 Trillion In Revenue By 2027

Nvidia Shares Pump & Dump After CEO Jensen Expects "At Least" $1 Trillion In Revenue By 2027 Summary:  CEO Jensen began discussing all things AI around 1520 ET. CEO Jensen said the data center AI opportunity will grow from half a trillion dollars to $1 trillion by 2027. CEO Jensen said, "Computing demand has increased by 1 million times in the last two years." A graphic on screen indicated that 60% of the business is hyperscalers. CEO Jensen said, "We are now a computing p...

By Tyler Durden