AI bubble? Jensen Huang doesn’t know her.
The Nvidia CEO said on Wednesday that the chipmaker he co-founded excels at every phase of AI, and that the world is currently at a tipping point that Nvidia is uniquely positioned to preside over.
“There’s been a lot of talk about an AI bubble,” Huang said. “From our vantage point, we see something very different.“
“The transition to generative AI is transformational and necessary, supercharging existing applications and business models, and the transition to agentic and physical AI will be revolutionary, giving rise to new applications, companies, products and services,” Huang continued. “Nvidia is unlike any other accelerator.”
Huang’s comments come amid white-knuckled fears among some investors over an AI bubble and the potential cascade effects should it burst, which recently drove down global stock prices and saw Nvidia’s market value tumble 10% in three weeks. But on Wednesday, Nvidia announced soaring revenue of $57 billion, bashing past analyst’s expectations as sales rose 22% from the previous quarter and 62% from a year ago. Leading the way was data center revenue of $51. 2 billion, up 25% over last quarter and 66% year over year, confirming Nvidia’s dominant position as the key supplier for hyperscalers.
