San Francisco, Aug 29 (V7N) — Nvidia CEO Jensen Huang downplayed concerns over a possible slowdown in the artificial intelligence (AI) chip market, projecting that spending on AI infrastructure could reach between $3 trillion and $4 trillion by the end of the decade.
 
Huang's bullish outlook followed a conservative third-quarter revenue forecast of $54 billion, which modestly exceeded Wall Street expectations but excluded any potential sales to China amid ongoing trade tensions.
 
Despite this, a non-Chinese customer placed a substantial $650 million order for Nvidia’s H20 chips, indicating robust demand.
 
Huang emphasized that AI-focused investment is just getting started. He called it the beginning of "a new industrial revolution", bolstered by heavy capital expenditure from hyperscalers and major tech players like Microsoft and Amazon.
 
While skepticism lingers among some market players—including OpenAI CEO Sam Altman, who cautioned against investor over-enthusiasm—financial analysts remain confident. They believe Nvidia’s leadership in efficient, powerful AI chips positions it well for sustained long-term growth.
 
Despite recent signs of fatigue in AI-focused stocks, Huang’s optimistic projection and Nvidia’s strategic position in the AI infrastructure sector continue to anchor investor sentiment.
 
END/WD/SMA/