Stocks
Nvidia Stock Surges on Double Chip Unit Sales Prediction
Nvidia's stock closed 1.3% higher on Friday after CEO Jensen Huang predicted that chip unit sales could double next year.
Huang made the comment in Scotland, but did not provide an absolute unit count.
The forecast raises questions about Nvidia's ability to secure enough advanced chips, memory, and systems while maintaining margins.
Nvidia is already expected to see rapid expansion, with a consensus fiscal 2028 revenue of $682.87 billion, up 65.95% from fiscal 2027 estimates.
The company's latest quarter saw Data Center produce $89.0 billion, or 92.5% of total revenue.