Nvidia CEO Jensen Huang on Wednesday downplayed concerns about a slowdown in demand for AI chips, expressing confidence that the sector is heading toward a multi-trillion-dollar opportunity over the next five years. His comments aimed to calm investor nerves following signs of a potential cooling in growth, despite Nvidia’s third-quarter revenue forecast aligning with analyst estimates—but falling short of the sky-high expectations that had helped boost its stock by nearly 33% this year.
Huang called the ongoing shift a “new industrial revolution,” predicting AI infrastructure investments could reach $3–4 trillion by 2030. His optimism comes as some AI-related stocks show signs of losing steam and industry leaders, including OpenAI’s Sam Altman, caution that investor excitement may be getting ahead of reality.
Despite this, Huang remains confident, pointing to strong demand from major tech firms, large data center operators, and the Chinese market. Matt Orton of Raymond James noted that hyperscalers’ continued capital spending is still driving Nvidia’s growth. Huang emphasized that Nvidia’s technology helps clients handle more data with less energy, reinforcing demand. “The more you buy, the more you grow,” he said, adding that Nvidia’s products remain in high demand and are “sold out.”
