Nvidia CEO Jensen Huang spoke at a Goldman Sachs conference on Wednesday, answering questions from investors about artificial intelligence. Nvidia has blown up in value over the last year due to the rise of AI technology. The company’s computer chips are crucial in the development of artificial intelligence. Thus, the stock value of the company has grown exponentially.
With its rapid growth, investors in Nvidia are curious just how much further their investments can go. A big question asked is if AI can generate enough revenue to justify heavy past and future spending on graphics processing units and other AI hardware. Huang gave a new response to this debate at Wednesday morning’s conference. “Infrastructure players like ourselves and all the cloud service providers put the infrastructure in the cloud so that developers could use these machines to train the models, fine-tune the models, guardrail the models, so and so forth,” the CEO said.
The returns on NVDA certainly support Huang’s optimism. The company’s shares are up 150.70% in the past year, and over 2000% in the past 5 years. “The return on that is fantastic because the demand is so great that … every dollar that they spend with us translates to $5 worth of rentals,” Huang added. “And that’s happening, you know, all over the world, and everything is all sold out. And so the demand for this is just incredible.”
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Following Nvidia’s brutal selloff last week, Huang’s keynote was seen as an opportunity to calm investors’ nerves. The keynote appeared to be a success, as the asset is back up 6% today. The company CEO also said it’s amazing to watch the AI his company uses to design the chips. “The part of that that is really intense is just the world on our shoulders,” Huang said. “Less sleep is fine. Three solid hours is all we need.”
Huang concluded with how crucial Nvidia’s chips are to its clients.“We have a lot of people on our shoulders and everybody is counting on us,” Huang said. “Demand is so great that delivery of our components, our technology, infrastructure, and software is really emotional for people. Because it directly affects their revenues, it directly affects their competitiveness.”
Will NVIDIA’s latest remarks give investors more confidence in the company’s ability to sustain strong revenue growth into calendar 2026 and beyond? Huang thinks so, and so do market experts. “Based on our preliminary work here, the consensus estimate for hyper-scaler AI [capital expenditures] in 2026 is enough to support the existing internet plus 12,000 new ChatGPT-scale AI products,” Barclays analysts wrote in late June.