NVDA
AI slowdown? Not so fast
Nvidia CEO Jensen Huang took the stage in Scotland and basically said the AI boom still has legs. He told CNBC he expects Nvidia to sell twice as many chips next year as it does this year, pointing to rising demand for AI across countries and industries.
The demand machine keeps humming
That’s the kind of comment investors love because it suggests the market for Nvidia’s hardware is still expanding, not plateauing. Huang also reminded everyone that Nvidia’s chips are becoming the plumbing of AI — not just shiny gadgets, but the stuff companies keep renting, reusing, and building around.
- Huang said AI infrastructure spending could reach $3 trillion to $4 trillion by 2030.
- He reiterated that older H100 GPUs are still commanding strong rental prices.
- He also said unsafe products should be held back and engineered further, underscoring the AI-safety backdrop around the summit.
Why this matters for your portfolio
Nvidia doesn’t disclose chip sales volume, so this is more of a directional neon sign than a hard earnings figure. Still, when the CEO of the biggest AI hardware story in the market says demand could double, it keeps the bull case very much alive.
Big picture: if AI spending really keeps snowballing, Nvidia’s not just selling picks and shovels — it’s selling the entire gold rush.