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

Nvidia's Strong Sales and Future Products

• 🚀 Blackwell GPUs are experiencing "off the charts" sales, with Nvidia's cloud offerings currently sold out.
• 💡 Nvidia has planned its supply chain exceptionally well, working with partners like TSMC and SK Hynix to meet strong demand.
• 🗓️ The new Vera Rubin platform is on track for delivery around Q3 of next year, continuing Nvidia's annual product cycle.
• ⚙️ The rack scale architecture, including the MVLink 72 switch, is revolutionary and will seamlessly transition from Grace Blackwell to Vera Rubin.

China Market Strategy

• 🇨🇳 Nvidia's forecast for the China market is currently zero, but the company desires to re-engage with excellent products.
• 🌐 The Chinese market is substantial, estimated at around $50 billion this year, and Nvidia believes its participation benefits both the US and China.
• 🤝 Nvidia is committed to engaging with both the US and Chinese governments to allow participation in the open market.

Export Controls and Middle East Operations

• 🇺🇸 Nvidia is permitted to export up to 35,000 Blackwell chips each to Saudi Arabia and the UAE through G42.
• ⚠️ A key US requirement is preventing tech transfer to China through the Middle East, an area Nvidia has consistently addressed with rigorous measures.

Energy and Compute Constraints

• ⚡ Growing at a rate of $10 billion per quarter presents challenges, requiring world-class supply chain management and collaboration with energy providers.
• 🌍 Nvidia's extensive network of cloud service providers, OEMs, and global partners helps find power solutions at various scales.
• 🧠 Nvidia's architecture runs every AI model, from frontier models like those from OpenAI and Anthropic to open-source and specialized models, ensuring high offtake for any cloud provider.

Chip Longevity and Depreciation

• ⏳ Nvidia's CUDA ecosystem provides versatility, allowing GPUs to accelerate every phase of AI (pre-training, post-training, inference) and run diverse models.
• 📈 Even older chips like the Ampear A100, shipped six years ago, remain relevant due to continuous software updates and their significant performance advantage over CPUs for many workloads.
• 💰 Nvidia's contribution to a 1-gigawatt data center is billions of dollars, with Vera Rubin systems representing approximately $35 billion of a $50-55 billion data center cost.