Nvidia CEO Jensen Huang says the surge in artificial intelligence investment is far from over, calling today’s spending a “once-in-a-generation infrastructure buildout” that still has seven to eight years ahead.
Speaking on CNBC, Huang said the scale of capital expenditure across the AI ecosystem is both appropriate and necessary, arguing that AI will “fundamentally change how we compute everything.”
Demand remains intense
Huang described demand for Nvidia’s hardware as “sky high”, noting that even GPUs sold six years ago are rising in price, a rare signal of sustained scarcity in tech hardware markets.
He pointed to leading AI developers Anthropic and OpenAI, saying both are already making money but remain “computer constrained.” In his words, there is “no drama with OpenAI,” just an urgent need for more compute powered by Nvidia’s next-generation chips.
Competition and global strategy
On geopolitics, Huang acknowledged that China is a competitor but warned against retreating from the market. Conceding China, he said, “makes no sense if you want to win globally.”
Who is using AI best
Asked which companies are deploying AI most effectively, Huang singled out Meta, saying “no one uses AI better than Meta.” His biggest concern, he added, is not overinvestment but making AI truly effective in real-world applications.
Market reaction
Nvidia shares jumped sharply following the comments, reflecting investor confidence that AI infrastructure spending remains in an early phase rather than near a peak.
Huang’s message pushes back against fears of an AI spending bubble. From Nvidia’s vantage point, the buildout is long, demand is real, and compute shortages are still the binding constraint.
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