Investors closely monitored Nvidia’s GPU Technology Conference (GTC) for updates from the leading AI chip maker. CEO Jensen Huang addressed questions on topics like Blackwell chip demand and tariffs. He highlighted strong demand for Blackwell chips in data centers and emphasized the explosive growth of AI computation needs. Analysts suggested that Nvidia’s disclosure of Blackwell demand data aimed to shift the narrative to demand strength.
Another key topic was the growth of physical AI, with developers now addressing real-world problems. Analysts noted the potential for a $50 trillion market in physical AI, particularly in robotics. Huang also discussed Nvidia’s preparation for tariffs by increasing onshore manufacturing, which could mitigate the impact of higher tariffs.
Despite concerns about a potential recession affecting customer spending, Huang remained optimistic. He argued that companies would first cut spending in non-growing areas, minimizing the impact on Nvidia’s business. Overall, analysts were impressed by Huang’s responses, particularly his emphasis on strong demand for Blackwell chips and the growth of physical AI. The event provided valuable insights into Nvidia’s future path amid market challenges and opportunities.
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