Nvidia CEO Jensen Huang made it clear that the company’s role in the AI boom goes far beyond hardware, saying Nvidia has directly helped build key players in the emerging AI cloud ecosystem. Speaking about companies like CoreWeave, Nscale, and Nebius, Huang said their growth wouldn’t have been possible without Nvidia’s support.

“If we didn’t support CoreWeave to exist, these AI clouds wouldn’t exist,” Huang said, adding that similar backing helped other players reach where they are today.

Not just a supplier, but a builder

Huang described Nvidia’s approach as intentionally hands-on. Rather than simply selling chips, the company:

• supports AI cloud startups early
• helps scale infrastructure players
• builds out the broader ecosystem

The goal is simple: make sure the entire AI market grows faster, not just Nvidia itself.

“We don’t pick winners”

Despite backing multiple companies, Huang emphasized that Nvidia is not trying to choose a single dominant player. Instead, the strategy is to support everyone in the ecosystem.

“We should do as much as needed, as little as possible,” he said, explaining that Nvidia wants to help companies succeed without controlling them. He added that when Nvidia invests in one company, it often supports others as well, reinforcing its neutral position across the market.

Why this strategy matters

This approach gives Nvidia a powerful advantage. By helping multiple AI infrastructure players grow:

• Nvidia expands demand for its chips
• avoids dependence on a single partner
• strengthens its position at the center of the AI industry

It also ensures that even competitors within the ecosystem still rely on Nvidia technology.

Nvidia isn’t just leading the AI race, it’s shaping the track.

Huang’s comments highlight a strategy where Nvidia acts as both supplier and ecosystem builder, quietly enabling the rise of entire AI cloud platforms, and as long as those platforms grow, so does Nvidia.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

https://www.youtube.com/embed/Hrbq66XqtCo?si=JbpMsfM9Fwb9C66R

Full interview is here:

The post Nvidia’s Jensen Huang: “We Don’t Pick Winners, We Build the AI Ecosystem” first appeared on Finblog.

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.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related: Nvidia’s Jensen Huang: AI Replacing Software Is “Most Illogical Thing in the World”

The post Nvidia Jensen Huang: AI Buildout Has 7–8 Years to Run as Demand Stays “Sky High” first appeared on Finblog.

Speaking at a Cisco-hosted AI summit, the Nvidia chief executive dismissed the idea that AI will replace software companies, calling it “the most illogical thing in the world” and arguing that markets are misunderstanding how AI actually works.

“AI uses tools. It doesn’t replace them”

Huang compared AI to a highly capable human or even a humanoid robot. Even with extreme intelligence, he said, the smartest approach is still to use existing tools rather than reinvent them.

“If you were a humanoid robot, would you invent a new screwdriver or just use one?” Huang asked. “The obvious answer is to use tools.”

He extended that logic to software, saying advanced AI systems would rely on enterprise tools like ServiceNow, SAP, Cadence and Synopsys rather than rebuilding their functions from scratch.

“The latest breakthroughs in AI are about tool use,” Huang said. “That’s because tools are designed to be explicit and reliable.”

Comments come after brutal software sell-off

Huang’s remarks followed a sharp global sell-off in software and IT stocks, sparked by fears that new AI workplace tools could destroy demand for traditional software.

The anxiety intensified after Anthropic launched new AI products for legal teams, triggering steep declines across legal software, enterprise platforms and IT services firms worldwide. Software stocks in the US, Europe and Asia fell sharply, with investors rushing to exit positions amid what some traders dubbed a “SaaSpocalypse.”

Even major tech names were hit, with Nvidia and Microsoft both closing lower during the sell-off.

AI depends on software infrastructure

Huang argued that the fears ignore a basic reality. Modern AI depends on layers of software infrastructure, including operating systems, developer frameworks, databases, enterprise platforms and cloud tools.

Without those systems, he said, even the most advanced AI models would struggle to function in real-world business environments.

Rather than replacing software companies, Huang suggested AI could become their most powerful user, embedding itself into existing platforms and driving new demand.

Market may be mispricing the future

The Nvidia CEO’s comments offer a direct counter to the narrative driving recent market moves. While investors worry about pricing pressure, job displacement and shrinking software moats, Huang’s view is that AI reshapes workflows but does not eliminate the need for software.

If that view proves correct, the current panic in software stocks may reflect fear rather than fundamentals.

“The notion that AI will replace software companies is wrong,” Huang said. “Time will prove it.”

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related: Nvidia’s $100B OpenAI Deal Was Never a Promise, Jensen Huang Says

The post Nvidia’s Jensen Huang: AI Replacing Software Is “Most Illogical Thing in the World” first appeared on Finblog.

But according to Jensen Huang, that figure was never what investors thought it was. Speaking this week, the Nvidia CEO said the widely cited $100B was not a commitment, but an invitation to invest up to that amount over time. Nvidia, he stressed, is moving “one step at a time.”

What actually happened with the $100B figure

Back in September, Nvidia and OpenAI unveiled a sweeping memorandum of understanding. The plan included Nvidia supplying massive computing capacity and potentially investing up to $100 billion to support OpenAI’s infrastructure needs.

But inside Nvidia, the deal never became binding.

According to reporting from Reuters and The Wall Street Journal, executives raised concerns about the scale, timing, and structure of such a massive investment. Huang has since clarified that the original figure was non-binding, and that the current discussions center on tens of billions, not $100B.

“We haven’t made the investment yet because they’re closing their round,” Huang said. “But we’ll definitely be involved. We’ll invest a great deal of money, probably the largest investment we’ve ever made.”

He added quickly that it would be “nothing like” $100 billion.

Nvidia is in, just not blindly

Despite reports that the megadeal is “on ice,” Huang pushed back hard on the idea that Nvidia is unhappy with OpenAI.

“That’s nonsense. That’s complete nonsense,” he said when asked about concerns over competition and strategy. “I really love working with Sam.”

The Sam he refers to is Sam Altman, who is currently finalizing OpenAI’s latest funding round. Nvidia has confirmed it will absolutely participate.

Still, Huang has privately raised issues about OpenAI’s business discipline and the intensifying competition from rivals such as Alphabet and Anthropic, according to WSJ reporting.

The message is clear. Nvidia wants exposure to OpenAI’s future, but not at any price.

Supply pressure is real and growing

Huang also addressed another key investor concern: whether TSMC can keep up with Nvidia’s exploding demand.

Asked directly if TSMC has enough capacity this year, Huang was blunt.

“They need to work very hard this year,” he said. Nvidia, he explained, needs “a lot of wafers and CoWoS,” referring to the advanced packaging technology critical for AI accelerators.

At the same time, he praised TSMC’s execution, saying the company is “doing an incredible job” as Nvidia faces “a lot of demand this year.”

The bigger AI funding race

Nvidia is far from alone. Big Tech and global investors are lining up to deepen ties with OpenAI, which is spending aggressively on data centers and compute.

Reuters reports that Amazon is in talks to invest up to $50 billion. OpenAI is reportedly seeking as much as $100 billion in fresh funding at a valuation near $830 billion. For Nvidia, the strategy is careful but confident. Huang wants Nvidia deeply embedded in the AI ecosystem, but without writing a blank check or locking itself into an inflexible megadeal.

What investors should take away

The market heard “$100 billion” and assumed excess. Nvidia is now walking that back without walking away.

The takeaway is not that Nvidia is retreating from OpenAI. It is that Nvidia is asserting discipline at a moment when AI spending risks running ahead of returns.

Nvidia will invest. Likely heavily. Possibly more than ever before.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related: Gold and Silver Crashed. Here’s What Really Happened and Why It Matters

The post Nvidia’s $100B OpenAI Deal Was Never a Promise, Jensen Huang Says first appeared on Finblog.

The deal follows last night’s White House dinner hosted by President Donald Trump, which welcomed Crown Prince Mohammed bin Salman along with figures including Cristiano Ronaldo, Elon Musk, Jeff Bezos, Tim Cook, and Nvidia CEO Jensen Huang. According to confirmed reports, the dinner took place on Tuesday evening, November 18, 2025.

Today, the US–Saudi Investment Forum expanded on that momentum. Musk’s xAI will work with Saudi A.I. company Humain to build what will become xAI’s largest data centre outside the US, part of Saudi Arabia’s push to become a global hub for artificial intelligence infrastructure. The project is expected to become xAI’s largest facility outside the US, using up to 500 megawatts of electricity to run advanced Nvidia systems.

The deal deepens Musk’s business ties with Saudi Arabia, which previously backed his purchase of Twitter. It also reflects the country’s push to become a global AI hub through large energy reserves, state funding, and access to global fiber networks.

According to the New York Times report, the US and Saudi Arabia have reached an understanding that clears the way for the kingdom to buy American AI chips. This includes thousands of Nvidia AI processors that had been delayed over geopolitical concerns.

Humain CEO Tareq Amin said the partnership with xAI is “creating scale that few others can match.”

Musk added that “the future of intelligence will be engineered through massive and efficient compute combined with the most advanced AI models.”

The collaboration positions Saudi Arabia as a rising heavyweight in global AI infrastructure, joining other Middle Eastern initiatives that now support OpenAI, Anthropic, and major US tech firms. Saudi Arabia aims to use its energy capacity and investment scale to handle up to 6% of the global AI workload in the coming years.

With Nvidia at the centre of the project, the partnership also reinforces the company’s growing influence in global AI development and sovereign computing strategies.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Related: Nvidia Q3 FY2026 Earnings Preview and Prediction: What to expect?

The post Elon Musk and Jensen Huang Confirm New 500 MW Saudi Project Tied to Nvidia first appeared on Finblog.

“Currently, we are not planning to ship anything to China,” Huang told reporters in Taiwan, adding that it’s “up to China” if Nvidia products ever return to that market.

He also clarified his earlier remark that “China will win the AI race,” saying he only meant that China has strong AI research and talent, not that Nvidia favors them.

Huang is visiting TSMC this week, calling business “very strong” and praising the US for needing to “move incredibly fast” to stay competitive in AI.

Related: Nvidia’s Jensen Huang softens his ‘China will win the AI race’ remark

The post Nvidia Jensen Huang: No Plans to Ship Blackwell Chips to China first appeared on Finblog.

However, several hours after the FT published its report, Nvidia issued a separate statement from Jensen on an official X account. 

“As I have long said, China is nanoseconds behind America in AI. It’s vital that America wins by racing ahead and winning developers worldwide,” he added.

Huang has long stated that the US can stay ahead in the AI race if it keeps developers reliant on Nvidia’s leading AI chips — an argument the CEO has used to lobby against export restrictions on his company’s sales to China. 

The clarification came as Nvidia faces growing pressure from both Washington and Beijing. While the US recently allowed limited AI chip sales to China in exchange for a 15% revenue cut, Beijing has since barred purchases from major domestic firms, effectively freezing Nvidia’s China business.

Huang’s remarks reflect Nvidia’s balancing act between two superpowers driving the AI boom. His comments also highlight a key message to US policymakers: excessive regulation could risk America’s lead in the global AI race.

Related: Jensen Huang Says Nvidia Went From 95% Market Share to 0% in China

Nvidia CEO Jensen Huang Sounds Alarm

The post Nvidia’s Jensen Huang softens his ‘China will win the AI race’ remark first appeared on Finblog.

“Great people like Jensen Huang, Marc Benioff, and others have called saying that the future of San Francisco is great,” Trump posted. “They want to give it a ‘shot.’ Therefore, we will not surge San Francisco on Saturday. Stay tuned!”

The statement marks a reversal from Trump’s earlier threats to deploy federal law enforcement to the city, citing crime, homelessness, and drug use. His decision follows weeks of heated debate among local and national leaders, as well as growing pressure from Silicon Valley’s elite.

Benioff’s Public U-Turn

Benioff, who initially supported Trump’s proposal to send in the National Guard, faced backlash from other business leaders and residents. After interviews with The New York Times and The San Francisco Standard, he issued an apology, saying he “sincerely apologized” for the concern his comments caused.

Benioff later joined others in urging the president to give Mayor Lurie’s administration time to show progress. The Salesforce CEO, long a vocal advocate for civic renewal in San Francisco, reportedly played a key role in organizing outreach to the White House.

Huang Quietly Steps In

Unlike Benioff, Nvidia CEO Jensen Huang had not spoken publicly about the issue before Trump’s announcement. However, sources close to the administration say Huang personally reached out to discuss the economic importance of stability in San Francisco, where Nvidia has been expanding its presence.

Huang, who owns a $38 million home in Presidio Heights, has recently doubled down on San Francisco, acquiring new office space for Nvidia and contributing funds to help rescue the California College of the Arts.

His behind-the-scenes involvement reflects his growing political influence in Washington, especially after negotiating a deal that allows Nvidia to continue exporting chips to China despite U.S. trade restrictions.

Representatives for Nvidia declined to comment on Huang’s role in the discussions.

Local Leaders Weigh In

Trump’s reversal was met with cautious optimism by city leaders and business figures. Many had argued that sending in federal officers would exacerbate tensions and undermine local governance.

Former U.S. Ambassador Trevor Traina, a member of a prominent San Francisco family, appeared on Fox News earlier this week to suggest federal intervention was unnecessary.

“The voters in San Francisco picked leaders to fix these problems,” Traina said. “And they deserve the chance to do so.”

What’s Next for San Francisco

Trump’s decision not to “surge” the city buys time for Mayor Lurie, who took office promising to address crime, housing, and public safety without external intervention.

Still, the president’s post ended with a warning — “Stay tuned!” — suggesting the issue may not be settled permanently.

For now, however, San Francisco’s fate rests in local hands — and with the unexpected alliance of tech billionaires who convinced Trump to stand down.

A direct call from Jensen Huang and Marc Benioff appears to have changed President Trump’s mind on federal intervention in San Francisco.
The episode highlights the political clout of Silicon Valley’s top executives, who are now not only shaping technology policy in Washington — but increasingly influencing how America’s most famous president governs their hometown.

Related: Bond King Bill Gross Says Gold Has Now Become A ‘Momentum/Meme Asset

The post Trump says Jensen Huang, Marc Benioff convinced him not to send feds to SF first appeared on Finblog.

Nvidia’s China Collapse

At the Citadel Securities Future of Global Markets 2025 event this week, Jensen Huang said bluntly:

“At the moment, we are 100% out of China. We went from 95% market share to 0%. I can’t imagine any policymaker thinking that’s a good idea.”

Huang revealed that Nvidia’s forecasts now assume zero revenue from China, one of its largest historical markets.

“In all of our forecasts, we assume zero for China. If anything happens there—which I hope it will—it’ll be a bonus,” he said.

He added that cutting off trade with Beijing was hurting both sides, warning that China remains “the second-largest computer market in the world” with a “vibrant ecosystem.”

“I think it’s a mistake for the United States not to participate,” Huang said.

How Policy Turned Nvidia’s Stronghold Into a Shut Door

Nvidia’s disappearance from China follows a series of U.S. export restrictions targeting advanced semiconductors and AI accelerators.
Beijing has since directed domestic giants like ByteDance and Alibaba to halt orders for Nvidia chips, even those redesigned to comply with export limits.

In response, Chinese chipmakers such as Huawei Technologies and Cambricon have filled the vacuum, rapidly developing homegrown AI hardware that rivals Nvidia’s restricted models.

Huang’s remarks underline the sharp reversal of fortune: just two years ago, Nvidia dominated China’s data center and AI training market with nearly 95% share. Now, it has no foothold left.

US Chipmakers Feel the Shockwaves

Nvidia isn’t alone. Micron Technology (MU) recently decided to exit China’s data center market, after a 2023 government ban crippled its sales. Analysts say these moves are accelerating China’s self-sufficiency drive, undermining U.S. chip dominance while failing to slow Beijing’s AI ambitions.

“Restrictions may slow China temporarily,” Huang previously warned, “but long-term, they could hurt American companies more.”

A ‘Temporary Goodbye’ or a Permanent Exit?

Industry insiders describe Nvidia’s situation as a “temporary goodbye” rather than a total retreat. The company still hopes for regulatory openings that would allow limited re-entry with next-generation Blackwell chips, though Huang admits that for now, those plans are stalled by Washington’s rules.

Meanwhile, Huawei is pushing deeper into Nvidia’s former turf, unveiling AI hardware designed to compete directly with Nvidia’s Vera Rubin rack-scale systems — a move that could make future re-entry even harder.

The Broader Impact: US-China Tech War Intensifies

Huang’s statement adds weight to growing industry concern that Washington’s export controls may backfire. Analysts warn that as the AI arms race decouples, China’s tech ecosystem will only grow more independent — while U.S. firms lose access to a multi-billion-dollar market.

For now, Nvidia’s China story is over. But its CEO’s message is clear:

“Cutting off the world’s second-largest computing market isn’t strategy — it’s surrender.”

Nvidia’s complete loss of China underscores the cost of the U.S.-China tech war — not just for Beijing, but for Silicon Valley.
What began as a national security measure has now left America’s leading AI chipmaker with zero market share in a trillion-dollar economy — and sparked a debate over whether Washington’s hard line on tech exports is protecting innovation, or sacrificing it.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The post Jensen Huang Says Nvidia Went From 95% Market Share to 0% in China first appeared on Finblog.

“You Need to Invest in Power Generation”

Huang was blunt: data centers won’t scale without fresh energy buildout.

“For every gigawatt [of compute], you need $50-$60 billion.”

He stressed that companies may need to generate their own power, rather than rely solely on strained public grids—a point echoed in recent remarks from Nvidia and other hyperscalers.

He also flagged the U.S. risk of falling behind: China is “way ahead on energy”, while the U.S. still dominates on chips—but the gap is closing.

“Not Far Ahead” of China in AI

Huang challenged the conventional narrative of American primacy in AI:

“We are overall not far ahead of China.”

He acknowledged the U.S. leads in chips and large-scale models, but said China has an edge in infrastructure, open source development, and rapid deployment with fewer regulatory constraints.

This stance diverges from recent statements by President Trump, who has claimed U.S. dominance in AI. Huang argued that a true AI race is won on multiple fronts—chips, power, software, deployment—not just bragging rights.

“My Favorite Investment Was CoreWeave; Regret Not Investing More in OpenAI & xAI”

Huang revealed he has quietly backed several AI infrastructure players:

• His favorite recent investment is CoreWeave (CRWV)—but he laments not going bigger.
• He confirmed Nvidia is already an investor in Elon Musk’s xAI, and said he regrets not funding it harder.

While critics have warned of “circular deals” (where Nvidia funds AI startups who then purchase Nvidia chips), Huang defended the strategy as market-driven, not gaming the system.

What This Means & What to Watch

Huang’s worldview puts energy at the heart of the AI arms race. He’s signaling that who wins in AI may be determined by who controls the wattage, not just the silicon.

The strategic insights he offered include:

• Energy = bottleneck: Data center scaling will depend as much on kilowatts as on compute.
• Dualistic competition with China: Nvidia’s lead is not unassailable.
• Investment positioning: Nvidia isn’t just selling chips—it’s shaping the entire infrastructure ecosystem.

Jensen Huang’s latest remarks paint a clear picture — the AI race isn’t just about chips anymore. It’s about power, partnerships, and positioning. As Nvidia cements its dominance, Huang is warning Wall Street: the next bottleneck won’t be GPUs, it’ll be gigawatts. And in that race, China’s energy lead may soon challenge America’s chip crown.

The post Nvidia CEO Jensen Huang Sounds Alarm first appeared on Finblog.