The American chipmaker Nvidia expects total orders for its advanced chips to reach $1 trillion by the end of 2027, according to a statement by the company's CEO, Jensen Huang.
Speaking at the company's GTC conference last night, Huang said that demand for the company's graphics processing units (GPUs) is exceeding all expectations, adding, I believe that demand for computing power has increased a million times over the past few years.
Huang told conference attendees that he expects the company's total revenue to reach at least $1 trillion between 2025 and 2027.
Nvidia chips are used globally to train AI models and applications and power data centers operated by tech giants like Google and Meta, as well as startups in the field like OpenAI, the developer of the popular AI chat platform ChatGBT.
Nvidia's results are generally viewed as a key indicator of the state of the artificial intelligence industry.
Last month, the company announced that its revenue for the last quarter of last year rose to $68.1 billion. Sales increased by 20% compared to the third quarter of last year.
In October, Nvidia became the first company in the world to surpass a market capitalization of $5 trillion.
