Jensen Huang, the CEO of Nvidia, states that there is no AI bubble, but a turning point.

Jensen Huang, CEO of Nvidia, claims that the world is not facing an AI bubble, but rather a historic turning point. Despite excellent financial results, long-term risks remain significant. The company has increased spending on renting GPUs from cloud providers and has promised massive investments in OpenAI and Anthropic. Huang dismisses fears related to a bubble, mentioning three fundamental changes that will drive infrastructure growth. However, competition from tech giants like Google and Amazon raises questions about maintaining Nvidia's dominance in the market. Huang acknowledges the challenges related to building the data center capacity needed to support this vision.