Approaching the $5 trillion market cap mark, Nvidia CEO dismisses the AI ​​"bubble"

VTV.vn - Nvidia approaches the $5 trillion mark, CEO Jensen Huang dismisses concerns about an AI "bubble", affirming that the industry is growing sustainably.

CEO of chip maker Nvidia, Jensen Huang. (Source: Getty Images)

Nvidia's market capitalization has edged closer to the historic $5 trillion milestone after the world's leading chipmaker announced huge orders and new cooperation agreements, which also provided the basis for CEO Jensen Huang to strongly dismiss concerns about a "bubble" in the artificial intelligence (AI) industry.

Nvidia shares closed up nearly 5% on October 28, adding more than $230 billion to the company's value, reaching a total of $4.89 trillion after reaching $4.94 trillion at one point. The impressive growth came after CEO Jensen Huang revealed that the company had received orders worth $500 billion for AI processors.

Speaking at a developer conference in Washington, Huang announced a series of new products and agreements, including Nvidia's plan to build seven new supercomputers for the U.S. Department of Energy. The supercomputers will, in part, serve to maintain and develop the U.S. nuclear arsenal. The largest supercomputer will be built in partnership with Oracle and equipped with 100,000 of Nvidia's high-end Blackwell AI chips.

In response to concerns about whether the boom in AI investment is a “bubble,” Huang argues the opposite. He argues that AI models are now powerful and useful enough that customers are willing to pay for them, and that this justifies the expensive construction of computing infrastructure. Therefore, it is a good decision for companies to invest a lot of money in building computing infrastructure because they can make a profit. The Nvidia CEO believes the industry has reached a turning point, a “virtuous growth cycle.”

To back up his claim, he said the company’s flagship Blackwell processor and the newer Rubin are driving an unprecedented wave of revenue growth through 2026. Nvidia expects to ship 20 million units of the latest chip, up from just 4 million units for the previous Hopper generation over its entire product lifecycle.

The Washington event also saw Nvidia announce a series of strategic partnerships, signaling its efforts to diversify its customer base beyond giant data center operators like Microsoft, Amazon, and Google. New deals include providing technology for Uber’s 100,000-car autonomous vehicle fleet, partnering with Lucid Group Inc. to develop a self-driving car platform, partnering with Palantir in logistics, and partnering with CrowdStrike to develop cybersecurity AI agents. In the health sector, Nvidia will partner with Eli Lilly & Co. to build the most powerful supercomputer owned and operated by a pharmaceutical company.

Nvidia's global ambitions are also evident in plans to build a 1 billion euro ($1.2 billion) data center in Germany with Deutsche Telekom AG and a $1 billion investment deal with Finland's Nokia.

Nvidia's stock has soared 50% in 2025 and surpassed the $4 trillion market cap mark for the first time in July. With its current gains, Nvidia is firmly cementing its position as the world's most valuable company, far surpassing second-place Microsoft with a market cap of $4.03 trillion.

Source: https://vtv.vn/tien-sat-moc-von-hoa-5000-ty-usd-ceo-nvidia-bac-bo-bong-bong-ai-100251029150814068.htm