Nvidia's Huang: AI in "high production ramp" as revenue hits $108 billion

Huang's argument rests on a timeline shift: after what he describes as the industry's first 10 to 15 years in research, he says this year the technology became useful and the output of AI products started making money. In that account, OpenAI and Anthropic are examples of a move from laboratories into product businesses, adding computing capacity faster than any company in history. That framing matters because Nvidia is worth roughly $5.3 trillion, the most valuable listed company, which ties his credibility closely to the spending he defends.

The market has not simply accepted that view. Nvidia fell 3.4% on September 14 after Anthropic's Dario Amodei, OpenAI's Sam Altman and Elon Musk backed slowing development, and chip stocks fell broadly. Amodei said the industry had lied about AI risk for too long, while investor Michael Burry expanded his Nvidia short position, calling the stock overvalued. Local data center opposition also keeps spreading, a fight Huang conceded the industry handled badly. Huang separately dismissed forecasts that AI could end humanity by 2030 as not grounded in science. President Donald Trump has taken his side, calling AI safety fears a hoax.

Huang is also pushing beyond the earnings argument, saying he will attend a state dinner with Chinese President Xi Jinping next week to press for shared AI standards, with Sam Altman and Elon Musk among those expected. The stakes appear to hinge on whether the production ramp translates into the revenue Nvidia has guided to, since his next earnings report will show whether that ramp is still accelerating.