Nvidia CEO Jensen Huang stated on September 17 at an AI summit in Scotland that chip sales will double next year. He made the prediction alongside King Charles III while discussing AI safety with leaders from Google DeepMind, OpenAI, and Anthropic. Nvidia projects 70% revenue growth for fiscal 2028, amounting to roughly $673 billion, though rising memory costs may compress profit margins from 74% to 71%–72% in Q4.
The company recently shipped 6 million Blackwell GPUs over four quarters and launched its new Vera Rubin platform. Despite strong demand, a report by C4ADS reveals that restricted Nvidia H100, A100, and Blackwell-family chips banned for export to China are reaching the country through smuggling networks, with an estimated third of China's AI compute power coming from smuggled GPUs.
Other companies are advancing AI in different ways. Chewy expects $50 million in AI cost savings for fiscal 2027, with its assistant Cai handling 30% of customer chats independently. Synology released ActiveProtect Manager 2.0, adding protection for Amazon EC2, Azure VM, and Google Workspace. Meanwhile, Arista Networks posted a record $3 billion revenue quarter, and Lumistar raised $10 million for AI sports training hardware.
On the policy front, executives from Anthropic and other AI firms are calling for federal AI regulations, though Washington remains slow to act. More than a dozen U.S. bishops met with Congress on September 16 to urge safety guardrails, including the Kids Online Safety Act. Tech leaders warned that major AI advancements will occur within 12 to 18 months. Separately, INTERPOL's Operation Shams II used AI to identify 126 terrorism suspects across 11 countries in June.
Key Takeaways
- Nvidia CEO Jensen Huang predicts chip sales will double in 2027, speaking at an AI summit in Scotland on September 17 alongside King Charles III
- Nvidia projects 70% revenue growth for fiscal 2028, totaling approximately $673 billion, but memory costs may cut Q4 profit margins to 71%–72%
- Nvidia has shipped 6 million Blackwell GPUs over four quarters and launched the Vera Rubin platform
- A C4ADS report shows restricted Nvidia H100, A100, and Blackwell chips banned for China export are reaching the country via smuggling, with about a third of China's AI compute from smuggled GPUs
- Chewy expects $50 million in AI cost savings for fiscal 2027; its assistant Cai resolves 30% of customer chats without human agents
- Synology launched ActiveProtect Manager 2.0, adding support for Amazon EC2, Azure VM, Proxmox VE, Nutanix AHV, and Google Workspace
- Arista Networks reported a record $3 billion revenue quarter with free cash flow projected to reach $11.2 billion by 2030
- Lumistar raised $10 million for AI sports training hardware, led by Oasis and Monolith
- Anthropic CEO Dario Amodei and other AI executives are calling for federal AI regulation, but policy progress remains stalled
- INTERPOL's Operation Shams II used AI to identify 126 terrorism suspects across 11 countries in June 2026
Nvidia stock rises as Jensen Huang predicts chip sales will double by 2027
Nvidia shares rose 2.54% to $219.34 after CEO Jensen Huang said chip sales will double next year. He shared this news at an AI summit in Scotland on September 17. The company also launched its new Vera Rubin platform, which shows strong performance in AI tasks. However, rising memory costs may reduce profit margins from 74% to around 71%–72% in Q4. Investors will watch if supply can meet growing demand and if sales growth leads to profit growth.
Nvidia expects to double chip sales next year, CEO says
Nvidia CEO Jensen Huang said the company expects to sell twice as many chips next year compared to this year. He spoke at an AI summit in Scotland with Britain's King Charles III on September 17. Huang said AI is helping many industries and countries want to invest more in it. Nvidia recently projected 70% revenue growth for the fiscal year ending in January 2028. The company's main products include Blackwell and Rubin chips that power AI systems.
Jensen Huang expects Nvidia chip sales to double next year
Nvidia CEO Jensen Huang said the company will sell twice as many chips next year as it does this year. He made the comments at a summit with King Charles III in Scotland on September 17. Nvidia does not share its total chip sales numbers. The CEO also discussed AI safety at the event with Google DeepMind, OpenAI, and Anthropic. Nvidia previously reported shipping 6 million Blackwell GPUs over four quarters.
Jensen Huang expects chip sales to double next year, downplays AI slowdown
Nvidia CEO Jensen Huang expects the company to double its chip sales next year. He shared this prediction at a summit with King Charles III in Scotland on September 17. Huang also addressed concerns about AI slowing down. He attended the event alongside representatives from Google DeepMind, OpenAI, and Anthropic to discuss AI safety. Nvidia had previously shipped 6 million Blackwell GPUs over four quarters.
Nvidia CEO predicts chip sales will double next year
Nvidia CEO Jensen Huang predicted that chip sales will double in 2027. He made this statement on September 17 during an event in the UK hosted by King Charles III. Nvidia is the biggest seller of AI accelerators used to develop AI models. The company does not disclose its chip sales in financial results. Nvidia recently stated it expects 70% revenue growth in fiscal 2028, which would amount to $673 billion.
Synology launches ActiveProtect Manager 2.0 with broader platform support
Synology released ActiveProtect Manager 2.0 on September 18, 2026 for its DP-Series appliances. The update adds protection for Amazon EC2, Azure VM, Proxmox VE, Nutanix AHV, and Google Workspace. It also supports Azure Blob Storage and allows direct cloud disaster recovery restores. Future APM 2.1 will add AI anomaly detection and malware scanning with Microsoft Defender, Bitdefender, and ESET.
Synology rolls out ActiveProtect Manager 2.0 data protection update
Synology launched ActiveProtect Manager 2.0 as a free update for all DP-Series appliances. The software brings cross-platform recovery and expanded backup destinations including ActiveProtect Vault support for more Synology NAS models. APM 2.0 adds volume-level encryption for data at rest. Upcoming APM 2.1 will use AI/ML to detect suspicious backup changes and scan for malware before restoration.
Tech leaders call for AI regulation but policy remains stalled
Executives from leading AI companies including Anthropic CEO Dario Amodei are calling for federal AI regulations. U.S. Rep. Debbie Dingell and others urge strong standards for AI safety, transparency, and oversight. However, Washington has been slow to act due to political opposition and upcoming elections. In Michigan, only a few AI laws have passed while many proposals remain stuck in the legislature.
Report reveals how restricted Nvidia AI chips reach China
A report by nonprofit C4ADS details how Nvidia H100, A100, and Blackwell-family chips banned for export to China are being sold there. The report identifies three smuggling methods including purchases through research institutions, drop-shipping via Southeast Asian countries, and shell company networks. An estimated third of China's AI compute power may come from smuggled GPUs, according to Epoch AI estimates.
Arista Networks stock appears fairly valued despite strong AI demand
Arista Networks reported a record $3 billion revenue quarter and raised its outlook in early August. The company's free cash flow reached about $5.2 billion in the latest twelve months and is projected to reach $11.2 billion by 2030. Its stock price of $199.53 aligns with discounted cash flow projections. AI-driven demand continues to fuel growth expectations for the networking company.
UH Community Colleges offer free AI course for faculty
The University of Hawaiʻi Community Colleges is offering a free AI course called AI for Education for all UH Community College faculty members. The course will be held on September 18, 2026, at the UH Community Colleges campus. It covers topics like AI for education, learning, and teaching, along with hands-on activities. The course is part of the UH System's effort to help faculty use AI to improve teaching and learning.
US bishops push for AI safety rules and kids online protection
More than a dozen U.S. bishops met with members of Congress on September 16, 2026, to urge lawmakers to set safety guardrails on artificial intelligence. Archbishop Alexander K. Sample of Portland spoke about the need for legislation to protect children online, including the Kids Online Safety Act. He said tech leaders warned that major AI advancements will happen in the next 12 to 18 months. The bishops stressed the importance of respecting human dignity as AI develops.
AI operation identifies 126 terrorism suspects across 11 countries
Operation Shams II, coordinated by INTERPOL in June 2026, used artificial intelligence to identify 126 suspected Foreign Terrorist Fighters. Officers from 11 countries analyzed over 100,000 images from jihadist groups in Tunis, Tunisia. AI agents processed and narrowed the images to 6,362 high-quality faces for INTERPOL's Facial Recognition System. The operation also used cryptocurrency tools to trace terrorist financing and led to judicial cases in participating countries.
Lumistar raises $10M for AI sports training hardware
Lumistar, a Chinese startup, raised $10 million for its AI sports training hardware with funding led by Oasis and Monolith. The company uses AI to analyze player performance and provide personalized training recommendations. The investment will help Lumistar expand its product offerings and improve its technology. Its AI-powered tools are designed to help athletes improve their skills.
Chewy expects $50 million in AI cost savings for fiscal 2027
Chewy executives said they expect AI to reduce costs by about $50 million in fiscal 2027, up from the low tens of millions this year. Their AI assistant called Cai resolves about 30% of customer chats without a human agent. AI tools also help service agents, pharmacy data checks, and vet clinic appointments through a voice agent named Callie. Chewy spent several quarters preparing its data before launching these AI tools.
Sources
- Nvidia Stock Forecast: Jensen Huang Says Chip Sales Will Double by 2027, NVDA Stock Could Challenge $320
- Nvidia expects to double chip sales next year, CEO says
- Nvidia CEO Jensen Huang Expects Chip Sales To Double Next Year as He Downplays AI Slowdown Calls: 'When a…
- Nvidia CEO Jensen Huang Expects Chip Sales To Double Next Year as He Downplays AI Slowdown Calls: 'When a Product is Not Safe...'
- Nvidia CEO predicts chip sales will double next year
- Synology® launches ActiveProtect Manager 2.0, bringing expanded platform support and advancing AI-driven security
- Synology® launches ActiveProtect Manager 2.0, bringing expanded platform support and advancing AI-driven security
- As tech honchos call for regulation, AI policy has largely stalled
- Investigation details how billions' worth of export-restricted Nvidia AI chips are sold to China — report details how Chinese firms skirt Trump's regulations
- Arista Networks (ANET) Stock Looks Reasonable Despite Fresh AI Demand News
- Register now for record-breaking AI course for UH Community College faculty | University of Hawaiʻi System News
- In AI guardrails push, US bishops advocate for Kids Online Safety Act at the Capitol
- Counter-terrorism operation leverages artificial intelligence to identify 126 terrorism suspects
- Dealroom.co | Lumistar raises $10M for AI sports training hardware, backed by Oasis and Monolith
- Chewy Puts a $50 Million Price Tag on AI Productivity
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