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CEO NA Magazine > News > Huang forecasts $1 trillion in revenue during GTC keynote address

Huang forecasts $1 trillion in revenue during GTC keynote address

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Jensen Huang says he supports re-industrializing America
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In his GTC keynote speech, Nvidia CEO Jensen Huang said the revenue opportunity for its Blackwell and Vera Rubin systems could reach at least $1 trillion by 2027.

During his address, Huang also unveiled Nvidia’s first chip from Groq, the startup whose assets it acquired for for $17 billion last year. The Nvidia Groq 3 Language Processing Unit is set to ship in the third quarter.

Huang said Nvidia is also growing its self-driving tech business by adding several automakers as clients for its Drive Hyperion platform, announcing, “The ChatGPT moment of self-driving cars has arrived.”

The moves are part of Huang’s effort to strengthen the company’s position in inference computing, the process of answering queries, where its graphics processors face tougher competition from central processing units and custom processors made by companies like Google.

Nvidia shares increased by 1.7% after the announcement.

By CEO NA Editorial Staff

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