Nvidia CEO Jensen Huang on Blackwell Chip Demand, China Market, and AI Expansion

Blackwell Chip Demand and Supply Chain

• 🚀 Sales are off the charts for Nvidia's Blackwell GPUs, with cloud demand being completely sold out.
• 💡 Jensen Huang assures that Nvidia has plenty of Blackwell chips coming and has planned its supply chain incredibly well.
• 🤝 Nvidia's supply chain partners, including TSMC, SK Hynix, Micron, Samsung, Foxconn, Quanta, and Wistron, are performing exceptionally well.

Vera Rubin Generation and Rack Architecture

• 🗓️ The silicon for the upcoming Vera Rubin generation is in labs, with bring-up progressing beautifully, on track for delivery around Q3 next year.
• ⚙️ A team of approximately 20,000 people is working on Vera Rubin, from silicon to systems and software.
• 🔗 The rack scale architecture, including the Envy Link 72 switch, is revolutionary and will seamlessly transition from Grace Blackwell to Vera Rubin.

China Market and US Export Restrictions

• 🚫 Nvidia's forecast for data center chip sales in China remains zero due to US export restrictions.
• 🗣️ Huang is actively engaging with both the US and Chinese governments to allow Nvidia to re-enter the Chinese market.
• 🌍 The Chinese market is estimated at $50 billion, and Nvidia would like to participate to provide its technology and support global software companies.

Energy and Infrastructure Constraints

• ⚡ Nvidia's rapid growth (60% year-over-year) presents challenges across the board, including energy infrastructure.
• 🔌 The company is working closely with energy providers and power generator companies to ensure power is ready for deployments.
• 🌐 Nvidia's extensive network of cloud service providers and OEMs provides an advantage in finding power solutions globally.

AI Compute Demand and Partnerships

• 🧠 Nvidia's architecture powers all major AI models, including those from OpenAI, Anthropic, and Google's Gemini.
• 💰 Nvidia is disciplined in its investments and build-outs, aligning with the visibility of demand and financing capabilities of partners like OpenAI and Anthropic.
• 📈 The demand for AI compute is growing exponentially, with companies like OpenAI and Anthropic struggling to keep up, highlighting the critical need for expanded capacity and efficient usage.