At the opening of its annual developers conference in Silicon Valley, CEO Jensen Huang raised Nvidia’s revenue projection to at least $1 trillion through 2027—double last year’s estimate—citing a million-fold increase in demand for its high-performance GPUs across AI application development and data centers. He emphasized growth opportunities in agentic AI, inference platforms and specialized GPU deployments in sectors from robotics to healthcare.

SK Group chairman Chey Tae-won indicated that the global chip wafer shortage could persist until 2030 with supply deficits of over 20%, driven by escalating demand for high-bandwidth memory (HBM) essential for AI workloads. He noted that capacity expansion faces power, water and talent constraints, with SK Hynix focusing production in Korea while reviewing global investor outreach via a potential U.S. ADR listing.

The combination of exploding AI-driven GPU demand and prolonged wafer scarcity may constrain Nvidia’s ability to meet customer orders and maintain pricing, potentially accelerating strategic partnerships, capital investments, or vertical integration efforts to secure critical HBM and DRAM supplies. Observers will watch Nvidia’s supply chain initiatives and pricing strategies as it balances revenue ambitions against material shortages.