Nvidia chief expects revenue of $1 trillion through 2027

Nvidia chief Jensen Huang on Monday said he expects the artificial intelligence chip powerhouse to bring in at least a trillion dollars in revenue through next year.

Nvidia chief Jensen Huang on Monday said he expects the artificial intelligence chip powerhouse to bring in at least a trillion dollars in revenue through next year.

Huang made the ramped-up revenue forecast while outlining Nvidia's latest innovations for a packed audience at the opening of its annual developers conference in Silicon Valley.

"I see, through 2027, at least a trillion dollars (in revenue)," Huang said.

"I am certain that computing demand will be higher than that."

A year earlier, at the same event, Huang had projected revenue of half that much.

The revenue is expected to be driven by demand for its premium graphics processing units (GPUs), which Huang touted as delivering high performance while reining in the cost of delivering AI services.