Is Nvidia's (NVDA.US) growth far from over? Jensen Huang expects chip sales to double in the coming year

According to reports from Zhihui Caijing APP, NVIDIA (NVDA.US) CEO Jensen Huang expects that, as artificial intelligence technology accelerates its penetration into various industries, the company's chip sales could double over the next year, indicating that global demand for AI infrastructure continues its robust growth.

On Thursday in Scotland, during an event convened by King Charles III of the United Kingdom, Jensen Huang told the media that artificial intelligence is delivering enormous value to multiple industries and its application scope is continually expanding. As a major supplier in the global AI chip market, NVIDIA's AI accelerators are widely used for training and inference of artificial intelligence models.

Although the market has recently focused more on the potential risks associated with rapid AI development, Jensen Huang remains optimistic about the industry's prospects. Some technology industry figures had previously called for slowing down AI technology development to minimize potential safety risks. Regarding this, Jensen Huang stated that enterprises need to take appropriate responsibility and ensure product safety before launching AI software and services.

NVIDIA's previously released performance outlook also shows that AI demand remains strong. Last month, the company forecasted an approximate 70% year-on-year increase in sales for the next fiscal year. NVIDIA also said that if it can secure sufficient chip supply to meet rapidly growing market demand, its revenue could even double.

The construction of AI data centers and the continuous increase in artificial intelligence-related capital expenditure by enterprises have, in recent years, driven NVIDIA's performance to grow rapidly. As AI applications expand from large technology companies to a wider range of industries, demand for high-performance computing chips also continues to rise.

Boosted by Jensen Huang's latest remarks and the positive outlook for AI demand, NVIDIA's share price on Thursday during New York trading rose as much as 2.8%, helping to recoup some of last week's losses. Year to date, the company's share price has risen by approximately 17%.

Jensen Huang's expectation that chip sales will double in the coming year further highlights NVIDIA's confidence in the sustainability of the AI investment cycle. Whether the company can secure enough advanced chip capacity and translate strong AI demand into actual shipments and revenue growth will be the key focus for the market going forward.