On March 18, Jensen Huang, the CEO of NVIDIA, declared that his trillion-dollar forecast for the company's AI chip sales, made the previous day, didn't cover the full spectrum of NVIDIA's product offerings. He pointed out that as the company ventures into new markets, its overall revenue is set to exceed this impressive benchmark. During a corporate event in San Jose, California, Huang disclosed that NVIDIA expects to secure, book, and fulfill business deals surpassing $1 trillion, showcasing unwavering confidence in attaining a revenue milestone of 'over $1 trillion.' Just under a day prior, Huang had forecasted that NVIDIA's premier AI processors would be the driving force behind the company reaching $1 trillion in sales by 2027, highlighting that the demand for computing has skyrocketed 'one million times' in the past two years. In the wake of this announcement, the company's stock price initially surged by 4.8% before leveling off, ultimately closing nearly unchanged on Tuesday.
