Nvidia on Pace to Hit $1 Trillion Chip Sales Target

Nvidia CEO Jensen Huang predicted in March that his company would reach $1 trillion in chip sales through 2027. The chipmaker's data center revenue has grown significantly, with a 92% year-over-year increase to $75 billion in the fiscal first quarter of 2027.

Wall Street analysts are currently forecasting total revenue of $394 billion this year and $561 billion next year, which would put cumulative total revenue since last year at around $1.17 trillion.

Huang's forecast is based on Nvidia's Blackwell and Rubin chips, which have been the main driver of growth in the company's data center segment, accounting for about 90% of total revenue.

However, some risks could derail Nvidia's momentum, including supply constraints and competition from big cloud customers who are designing custom AI chips for their platforms.