By Doloresz Katanich
Publication Date: 2026-03-17 11:05:00
Nvidia has said demand for artificial intelligence could help drive up to $1tn in orders by 2027, as it unveiled a new generation of chips and technologies.
Speaking at the company’s annual GTC developer conference, chief executive Jensen Huang said demand for computing power continued to accelerate.
Nvidia shares were up 0.3% tin pre-market trading on Tuesday following the announcements.
The company introduced a range of new products, including semiconductors built using technology from start-up Groq. It also outlined plans to develop chips for use in space-based data centres.
Nvidia said its latest platforms would allow artificial intelligence systems to operate in orbit, supporting geospatial analysis and autonomous space operations.
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The company has been a major beneficiary of the boom in AI, with revenues rising from $27bn in 2022 to $216bn last year, helping lift its market value to about $4.5tn.
However, its shares have cooled in recent months after briefly surpassing a $5tn valuation last October, amid concerns that enthusiasm for AI may be overstated.
Analysts say Nvidia must now convince investors that its rapid growth can be sustained, even as competition intensifies.
Technology companies including Google and Meta Platforms are developing their own AI chips, while US export restrictions have limited Nvidia’s ability to sell advanced semiconductors in China.
Despite those challenges, demand for Nvidia’s latest…
