NVIDIA Faces AI Boom Reality Check & Insists It’s Far From Over

Nvidia CEO Jensen Huang said the artificial intelligence boom is “far from over,” projecting $3 to $ 4 trillion in AI infrastructure spending by the end of the decade, despite market concerns. Nvidia’s Q3 sales forecast slightly beat expectations, but excluding China, rattled investors and pushed shares down 2% to $178.43. Huang noted Nvidia struck a deal with President Trump to allow limited H20 AI chip exports, and said he would consider sharing Blackwell chip revenues with the U.S. government if sales to China are approved. Demand from U.S. hyperscalers, such as Microsoft and Amazon, remains strong, with Nvidia poised to capture tens of billions from massive data center builds. Huang argued Nvidia’s Blackwell and Hopper chips are nearly sold out, highlighting sustained AI-driven growth.

Reuters, Max A. Cherney – Nvidia CEO says AI boom far from over after tepid sales forecast – 28th August 2025