Jen-Hsun Huang refutes the AI bubble theory, new chips will create $500 billion in revenue.

On October 29, Jin10 reported that NVIDIA (NVDA.O) CEO Jen-Hsun Huang dismissed concerns about an AI bubble on Tuesday, stating that the company's latest chips will generate $500 billion in revenue over the next five quarters. At the GTC conference held in Washington, Jen-Hsun Huang pointed out that the Blackwell processor and the new generation of Rubin models are driving unprecedented growth in sales. The conference focused on showcasing the company's collaborations with firms like Uber, Palantir, and CrowdStrike to integrate AI into various products. NVIDIA also launched a new system that connects Quantum Computers with AI chips. “We have entered a turning point of a virtuous cycle,” Jen-Hsun Huang told thousands of attendees at the conference center near the White House, “This is indeed extraordinary.” The core of Jen-Hsun Huang's speech focused on the turning point of the AI industry, arguing that current AI models are powerful enough that customers are willing to pay for their use, which will justify the costly Computing Power infrastructure development. This perspective alleviated market concerns about an AI investment bubble, pushing NVIDIA's stock price up more than 5% on Tuesday, with the stock price breaking $200 for the first time.