Nvidia CEO Jensen Huang has forcefully rejected suggestions that the artificial intelligence investment cycle is approaching a bubble, asserting that underlying demand for AI infrastructure remains exceptionally strong.
The comments come as the company navigates heightened scrutiny over its operations in China, where regulatory pressures and export controls continue to complicate market access.
This perspective aligns with recent upgrades from major banks, including Goldman Sachs, which lifted its price target for Nvidia to $195, citing strong hyperscale capital expenditure trends.
Huang’s defense aims to reassure investors that the long-term growth trajectory for AI hardware is intact, even as short-term geopolitical risks persist.
The remarks follow a period of volatility in semiconductor stocks, with Nvidia shares reacting to broader market sentiment around AI capex sustainability.
While some analysts have raised concerns about potential overinvestment in AI infrastructure, Huang’s stance reinforces the company’s confidence in the sector’s fundamentals.
This perspective aligns with recent upgrades from major banks, including Goldman Sachs, which lifted its price target for Nvidia to $195, citing strong hyperscale capital expenditure trends.
Huang’s comments also address the so-called "Kimi panic," a reference to growing anxiety among investors about the impact of Chinese AI startups on global competition.