Nvidia CEO Jensen Huang on Blackwell Sales, Vera Rubin, and China Market

Blackwell GPU Sales and Supply Chain

• 🚀 Blackwell GPUs are experiencing "off the charts" sales, with Nvidia's cloud offerings currently sold out.
• 💡 Nvidia has planned its supply chain incredibly well, working with partners like TSMC, SK Hynix, Micron, and Samsung to meet strong demand.
• ✅ The company is making a lot of Blackwells and has a significant supply ready for customers.

Vera Rubin Platform and Rack Architecture

• 🧠 Vera Rubin, Nvidia's next-generation platform, is on track for a Q3 timeframe delivery next year, continuing their annual cycle.
• 🛠️ The bring-up process for Vera Rubin involves thousands of engineers working on silicon, systems, software, and algorithms.
• 🌐 The rack scale architecture, including the MVLink 72 switch, is revolutionary and will seamlessly transition from Grace Blackwell to Vera Rubin, leveraging existing supply chain familiarity.

China Market Strategy

• ⚠️ Nvidia's forecast for the China market is currently zero, despite its importance.
• 🤝 The company aims to re-engage the Chinese market with excellent products and compete globally, emphasizing the benefits for both the US and China.
• 🗣️ Nvidia is continuing to engage with the US and China governments to encourage participation in the open market.

Energy Constraints and AI Expansion

• ⚡ Nvidia's rapid growth (e.g., $10 billion quarter-to-quarter growth) presents challenges across the board, including energy availability.
• 🌍 Nvidia leverages its large network of go-to-market partners, including every cloud service provider and OEM, to find power solutions globally.
• 💡 The company's architecture runs every model, from premier frontier models to open-source ones, ensuring high offtake for cloud providers.

Customer Commitments and Chip Longevity

• 💰 Nvidia is disciplined with its investments, aligning with customer demand visibility and financing capabilities for large-scale projects like those with OpenAI and Anthropic.
• 📈 OpenAI and Anthropic are experiencing exponential growth in compute demand and AI adoption, struggling to keep up with demand.
• ⏳ Nvidia's GPUs, like the 6-year-old A100, remain highly utilized due to CUDA's versatility, software updates, and ability to accelerate all phases of AI, unlike singular-use accelerators.

Financial Contributions

• 💲 Nvidia's contribution to a 1-gigawatt data center is billions of dollars, with Blackwell systems representing about 35% of the total data center cost.