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Nvidia CEO Jensen Huang announced at the GTC conference that the company expects $1 trillion in AI chip orders by 2027, a figure that doubles its previous forecast of $500 billion made a year earlier. This increase is attributed to a dramatic rise in AI computing demand, with Huang stating that demand has multiplied by a million in two years.

Nvidia reported $215.9 billion in revenue last year, up 65% year-over-year, and a net profit of $120.1 billion, with a market cap over $3 trillion. Huang also introduced plans for chips designed for orbiting data centers, though this initiative is still years away. Some experts anticipate operational data centers by the end of the decade.