Jensen Huang: Nvidia to Double Chip Sales Next Year

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

Nvidia (NASDAQ: NVDA) has transformed its expertise in graphics processing units (GPUs) into a dominant artificial intelligence (AI) enterprise. Once primarily used in gaming, these powerful chips have become essential tools for AI 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 remarkable growth. In the most recent 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 the sustainability of the AI boom. Concerns have centered on the extraordinary capital spending by tech companies to support infrastructure build-out, with worries that revenue opportunities may fall short. These concerns have occasionally 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 fears.

Nvidia's Early Bet on AI

Nvidia recognized AI's potential roughly a decade ago and committed to designing its GPUs specifically for AI workloads. This early entry allowed the company to build strong customer relationships and a solid reputation. Its pledge to update GPUs on an annual basis has further reinforced its market leadership.

The AI market is projected to reach trillions of dollars by the end of the decade, and Nvidia's early bet has clearly paid off, as reflected in its earnings growth.

Note: Real-world AI adoption is still in its early stages, signaling further earnings growth ahead for Nvidia and its peers.

Jensen Huang's Announcement at a Summit

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," Huang said, according to 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 investors, this outlook offers reassurance. Even if the stock does not rally immediately, the long-term business prospects remain strong, which should translate into further gains over time.

Should You Buy Nvidia Stock Now?

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For context:

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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.