Huang sought to reassure investors rattled by indications of slowing growth at the chip maker at the centre of the investment frenzy. Nvidia earlier in the day forecast third-quarter revenue meeting analyst estimates but short of the lofty expectations that have sent its share price up roughly one-third this year.
The founder and CEOs bullish outlook contrasts with recent signs of fatigue in AI-focused stocks and comments from industry leaders about overheated investor enthusiasm.
A new industrial revolution has started. The AI race is on, Huang said. We see US3-trillion to 4-trillion in AI infrastructure spend by the end of the decade.