Jensen Huang: Nvidia to Double Chip Sales Next Year

By Adria Cimino, The Motley Fool Published: September 20, 2026 at 9:30 AM PDT | 4 min read

Nvidia (NASDAQ: NVDA) has transformed its graphics processing unit (GPU) expertise into a dominant artificial intelligence (AI) empire. Once primarily used in gaming, these powerful chips have become essential tools for AI development in recent years. Nvidia has expanded beyond hardware, building a comprehensive suite of AI products and services, including networking tools and industry-specific AI platforms.

This strategy has driven extraordinary growth. In the latest quarter, revenue surged more than 100% to approximately $96 billion, while profit rose by triple digits to $59 billion. Over the past five years, Nvidia's stock has advanced roughly 900%, making it a top performer for investors.

Investor Concerns Amid the AI Boom

Despite these gains, some investors have questioned how long the AI boom can last. Concerns have centered on the massive capital spending by tech companies to support infrastructure build-out, with fears that revenue opportunities may fall short. These worries have weighed on Nvidia's stock, contributing to a decline in the first quarter of this year.

However, last week, Nvidia CEO Jensen Huang delivered news that may ease those concerns.

Nvidia's Early Bet on AI

Nvidia recognized AI's potential roughly a decade ago and made a strategic decision to focus its GPU design on AI applications. That early bet has paid off handsomely, as reflected in the company's earnings growth.

Key advantages from this early entry include:

• Development of strong customer relationships
• A solid reputation in the AI market
• A commitment to annual GPU updates, reinforcing its leadership position

With real-world AI adoption still in its early stages, further earnings growth may lie ahead.

Jensen Huang's Announcement

Speaking at a summit in Scotland, Huang told reporters that Nvidia plans to double the number of chips sold next year compared to this year.

"The reason for that is because AI has so much contribution to the benefits of different industries, different economies, and you can see that in almost every single country that we're in, people want to invest in AI." — Jensen Huang, via CNBC

This follows Nvidia's first-ever full-year forecast, issued during its recent earnings report. Citing increased visibility, the company predicted a 70% year-over-year revenue gain in the next fiscal year.

What This Means for Shareholders

While concerns about the tech build-out may persist, Huang's comments reinforce the case that Nvidia's AI revenue growth opportunity is far from over. The company may be entering a fresh wave of growth as AI is more actively adopted by companies, individuals, and governments.

For current and potential Nvidia shareholders, this outlook offers a degree of reassurance. Even if the stock does not rally immediately, the company's future business prospects remain strong, which should support further gains over time.

Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

This article was originally published by The Motley Fool.