Nvidia’s (NVDA) CEO Says Revenue Will Double to $1 Trillion by Next Year

FomoAnxiety · 2026-03-16T20:22:05+00:00

Nvidia's CEO Jensen Huang predicts the company's revenue will double to $1 trillion by 2027, driven by high demand for AI microchips. Despite strong competition, Nvidia is investing in inference technology to maintain its market leadership. The stock holds a Strong Buy rating from analysts.

FomoAnxiety

2026-03-16 20:22:05

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Nvidia NVDA +1.63% ▲ CEO Jensen Huang said at the company’s annual GTC developer event that the chipmaker’s revenue is likely to double to $1 trillion by 2027.

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Huang’s bold prediction comes as demand for Nvidia’s artificial intelligence (AI) microchips remains red hot. The company’s graphics processing units (GPUs) are an essential component of the powerful data centers that underpin AI models and applications.

While Nvidia remains the market leader in AI chips and processors, the company is facing growing competition in the space from rivals such as Advanced Micro Devices AMD +1.65% ▲ and Intel INTC -0.02% ▼ , as well as mega-cap technology companies such as Alphabet GOOGL +1.09% ▲ that are developing their own AI processors.

Nvidia’s Investments

Nvidia’s sales are expected to get a further boost from the rise of inference chips. Inference is the ability of AI chatbots to perform tasks on behalf of humans, and represents the next frontier in artificial intelligence, according to analysts.

Nvidia is investing heavily in inference so that it can stay ahead of its competitors and remain on top in the intensely competitive space. The company paid $17 billion last December to buy Groq, a startup that specializes in cheap and quick inference work. Nvidia has also invested $2 billion in several companies that manufacturer lasers that use beams of light to rapidly send information between microchips.

Is NVDA Stock a Buy?

Nvidia’s stock has a consensus Strong Buy rating among 39 Wall Street analysts. That rating is based on 38 Buy and one Hold recommendations issued in the past three months. The average NVDA price target of $273.61 implies 49.35% upside from current levels.

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