"NVIDIA CEO Jensen Huang reiterated his belief that the artificial intelligence boom is only beginning, projecting a multi-trillion-dollar market over the next five years. Speaking on Wednesday, Huang brushed aside fears that a slowdown in AI spending was imminent, even as the company issued a modest third-quarter sales forecast. The chipmaker's stock fell nearly 2% to $178.43 in early Thursday trading following the guidance, which excluded potential revenue from China."
"NVIDIA struck an agreement with former President Donald Trump, allowing export licenses in exchange for 15% of Chinese sales of its H20 AI chips. Huang signaled that the company may extend a similar arrangement for its new Blackwell processors, telling reporters NVIDIA would consider giving the U.S. government a cut of sales if allowed to ship scaled-down versions to China."
Jensen Huang projected that the artificial intelligence boom is only beginning and forecasted a multi-trillion-dollar market over the next five years. NVIDIA issued modest third-quarter sales guidance that excluded potential revenue from China, and the stock fell nearly 2% on the news. Ongoing U.S.-China trade tensions limit NVIDIA's ability to sell advanced chips in China. NVIDIA agreed to provide export licenses in exchange for 15% of Chinese H20 sales and may offer a similar deal for Blackwell processors. Huang emphasized strong global demand, citing a $650 million H20 purchase by a non-Chinese customer and hyperscaler-driven data center demand. Huang forecasted $3 trillion to $4 trillion in AI infrastructure spending by the end of the decade and dismissed investor concerns about an imminent slowdown in AI spending.
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