“I believe that computing demand has increased by 1 million times in the last two years,” proclaimed Nvidia’s CEO Jensen Huang in his keynote speech at their annual technology conference and expo yesterday.
Perhaps most notably, the world’s most valuable company announced that it expects to generate at least $US1 trillion from its Blackwell and Rubin chips through the end of 2027. This was an adjustment from a previous forecast that the chips would bring $US500 billion in sales by the end of 2026.
The stock price spiked on the announcement, swiftly up 5%. However, gains were soon pared as the market digested the news, finishing the New York session up 1.6% at $183.19. Heading into the GTC presentation, the shares were down 3.4% this year.
This rollout is Nvidia’s latest effort to promote AI computing and encourage customer loyalty. The company tries to replace its entire product lineup on an annual basis, while also adding new components. The next design of its flagship AI processors, due to be rolled out in the second half of 2026, is called Vera Rubin. The new system is claimed to deliver 10 times more performance per watt than its predecessor, Grace Blackwell.
Other notable announcements from Huang included the fact that Nissan, BYD, Geely, Isuzu and Hyundai are building level 4 autonomous vehicles on Nvidia’s Drive Hyperion program. Nvidia’s AGX Thor robotic system chip is also being used by Isuzu and China’s Tier IV to build autonomous buses on the platform.
The conference continues through until 19 March, so watch this space.
