Nvidia Corp. Chief Executive Officer Jensen Huang moved to dispel growing anxiety over a potential artificial intelligence investment bubble, asserting that booming demand for the company’s newest chips will underpin sustained revenue growth and support the costly global expansion now underway.
Speaking at Nvidia’s flagship GPU Technology Conference (GTC) — held for the first time in Washington, D.C. — Huang said the company is well-positioned to generate as much as $500 billion in revenue from its latest lineup of AI accelerators.
At the center of Huang’s message was Nvidia’s accelerated product roadmap, led by the Blackwell processor — the company’s most powerful AI chip to date — and followed by the forthcoming Rubin architecture. These platforms are expected to continue driving explosive topline expansion through at least 2026, reinforcing a bullish growth trajectory that has already made Nvidia the world’s most valuable publicly traded company.
“We have now reached our virtuous cycle — our inflection point,” Huang told thousands of attendees gathered just blocks from Capitol Hill, emphasizing the speed with which AI systems are advancing and commercial demand is materializing. “This is quite extraordinary.”
The Washington GTC event served as a strategic showcase meant to demonstrate that Nvidia’s influence now extends far beyond cloud hyperscalers. The company revealed a broad set of new partnerships aimed at embedding its core technologies deeper into critical commercial sectors — from transportation and cybersecurity to telecommunications and industrial logistics.
Key announcements included:
- A collaboration with Uber Technologies Inc. to power a fleet of 100,000 autonomous vehicles, with Stellantis NVparticipating as an early manufacturing partner to deploy robotaxis enabled by Nvidia chips.
- A partnership with Lucid Group Inc. focused on creating a sophisticated autonomous driving platform for future electric vehicles.
- A $1 billion investment in Nokia Oyj, sending Nokia shares sharply higher and supporting the company’s transformation from a legacy telecom vendor into a next-generation AI infrastructure player.
- A joint development project with CrowdStrike Holdings Inc. to build “always-on, continuously learning” AI agents designed to monitor cybersecurity threats in real time — boosting CrowdStrike’s stock on the news.
- An expanded relationship with Palantir Technologies Inc., integrating Nvidia hardware with Palantir’s Ontology platform to analyze and optimize supply chain logistics. Lowe’s Cos. was identified as an early adopter.
- A major healthcare push through a deal with Eli Lilly & Co. to build the pharmaceutical industry’s most powerful supercomputer, featuring more than 1,000 Blackwell accelerators dedicated to drug discovery and molecular modeling.
Nvidia also used the conference to introduce a system enabling quantum computers to interface with Nvidia AI chips — a move designed to cement its role at the center of the future computing landscape.
While emphasizing U.S. industrial leadership, Huang made clear that Nvidia’s ambitions are global. The company is working with Deutsche Telekom AG on a new €1 billion ($1.2 billion) data center in Germany and recently signed an investment pact with Nokia. Later this week, Huang will travel to South Korea to finalize additional agreements with Samsung Electronics Co. and Hyundai Motor Group, advancing Nvidia’s strategy of helping countries establish “sovereign AI” capabilities that reduce dependence on U.S. tech giants.
This outward-looking expansion comes as tensions with China remain unresolved. U.S. export controls have sharply restricted Nvidia’s ability to sell its most advanced AI processors into the world’s second-largest economy — a hit Huang acknowledged has cost billions in lost revenue. He stressed that revenue projections for Blackwell and Rubin exclude China sales altogether.
Still, Huang confirmed that he expects to meet with President Donald Trump during a stop in Seoul for the Asia-Pacific Economic Cooperation summit, adding intrigue given the administration’s ongoing negotiations with Chinese President Xi Jinping over trade and technology policy.
Financial markets reacted positively to Huang’s confidence. Nvidia shares climbed 5% to $201.03, the highest closing price on record. In an interview with Bloomberg Television, he countered market speculation that massive spending on AI infrastructure is becoming detached from economic fundamentals.
“I don’t believe we’re in an AI bubble,” Huang said. “All of these different AI models we’re using — we’re using plenty of services and paying happily to do it.”
Nvidia expects to ship 20 million units of its latest high-performance chips — a stunning increase from the 4 million total units sold worldwide over the lifetime of the prior-generation Hopper accelerators. That drastic surge illustrates the steepening demand curve powering Nvidia’s profitability.
Even as Nvidia cites unstoppable momentum, the company faces growing competition. Rivals Advanced Micro Devices Inc. and Broadcom Inc. are securing prominent AI design wins, and major customers such as OpenAI are pursuing in-house processor development to reduce reliance on Nvidia.
Qualcomm Inc. added further pressure this week by announcing its own entry into the AI accelerator business. The competitive environment is reflected in equity market performance: AMD shares have more than doubled this year, while Nvidia — despite massive gains — has risen a comparatively modest 43% year-to-date.
Investors and economists alike have also questioned whether returns on AI-related capital expenditure will justify the trillions of dollars in global investment now underway. Huang has consistently argued they will — asserting that AI technologies are nearing the stage where they deliver dramatic productivity gains across every sector of the economy.
Huang emphasized Nvidia’s contributions to revitalizing U.S. manufacturing, aligning his message with the Trump administration’s economic priorities. In a clear nod to the political host audience, he closed his keynote by thanking participants for “making America great again.”
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