Nvidia Makes Trillion-Dollar Forecast at Annual Product Showcase

Nvidia Corp. Chief Executive Officer Jensen Huang, addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship AI processors would help generate $1 trillion in sales through 2027.

During a 2 1/2-hour keynote address, Huang announced plans to push deeper into central processing units — Intel Corp.’s home turf — and introduced semiconductors made with technology acquired from startup Groq. The company even said it was developing chips for data centers in outer space.

At the heart of Huang’s message: Demand for computing power continues to soar, and Nvidia ...