Nvidia CEO Jensen Huang Rejects AI-Bubble Fears, Confirms $500 Billion Sales Forecast Through 2026

Benzinga

Jensen Huang dismissed Wall Street’s AI-bubble worries as Nvidia beat Q3 expectations and delivered strong guidance, citing rising GPU demand across search, ads, engineering, and data processing as companies shift from CPU systems to Nvidia infrastructure. He said “agentic AI” will require even more compute, while CFO Colette Kress said Nvidia remains on track for Huang’s $500B sales forecast for 2025–2026. Nvidia acknowledged hyperscaler-concentration concerns but said its chips are already driving customer revenue.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02CEO Jensen Huang rejected Wall Street's AI bubble concerns as NVIDIA beat third-quarter

00:07expectations and issued strong guidance, according to CNBC. Huang said demand for

00:12GPUs is rising across data processing, search ad recommendations, and engineering,

00:16with older CPU systems shifting to NVIDIA-powered infrastructure. He said AI will create new

00:21applications and that energetic AI will require even more compute. NVIDIA said its order backlog

00:27does not include new deals with Anthropic or Saudi Arabia. CFO Collect Cress said the company is

00:32on track to reach Huang's previously stated $500 billion sales forecast for 2025 and 2026.

00:39NVIDIA acknowledged investor concerns about hyperscaler concentration,

00:42but said its chips already boost customer revenue. For all things money, visit Benzinga.com.

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