Episode summary
Bloomberg Tech Special: Nvidia CEO Jensen Huang on Upbeat Forecast | Bloomberg Intelligence
Bloomberg Intelligence
· · Hosts: Ed Ludlow, Paul Sweeney · Guests: Jensen Huang
Summary
Jensen Huang said Nvidia’s Blackwell sales are “off the charts,” with cloud GPUs sold out, but argued the company has planned its supply chain well enough to keep shipping into a very strong year. He said Nvidia has plenty of Blackwells coming and is already preparing for Vera Rubin, which he expects to reach the market around Q3 next year. He also framed the company’s rack-scale architecture as a major competitive advantage, saying the transition from Grace Blackwell to Vera Rubin should be smooth because the same system design carries forward.
China remained a major theme. Huang said Nvidia’s forecast for China should still be treated as zero, even though he described the market as very large and said he would like to re-engage it with competitive products. He said Nvidia is continuing to engage both the U.S. and Chinese governments while assuming no China revenue for now. He also addressed U.S. export rules around the Middle East, saying Nvidia is focused on preventing diversion of chips and has repeatedly tested data centers for compliance.
Huang argued that power, not just chips, is now a key constraint in AI buildout. He said Nvidia is working with energy and infrastructure providers to find capacity globally, while its customer base across every cloud gives it flexibility. He also pushed back on depreciation worries, saying Nvidia’s GPUs remain useful for years because CUDA and software updates extend their life across pre-training, post-training and inference.
Key takeaways
- Huang said Blackwell sales are “off the charts” and cloud GPUs are sold out, but Nvidia has planned supply chain capacity to keep shipping.
- He said Vera Rubin is on track for about Q3 next year and will reuse Nvidia’s rack-scale architecture, which he called a major advantage.
- Huang said Nvidia’s China forecast remains zero for now, even though he estimates the market at about $50 billion this year.
- He said power is becoming a major AI bottleneck and Nvidia is working with energy and land-and-shell providers to keep deployments moving.
- Huang argued depreciation fears are overstated because Nvidia chips stay valuable for years across multiple AI workloads and software updates.
Notable quotes
“sales are off the charts for Blackwell and Nvidia GPUs in the cloud are sold out”
“our forecast for China is zero. All of our forecast guidance that we showed zero we should start that's the most important thing that she said”
“I think it's fantastic that we're able it would be fantastic if we're able to participate in the China market”
“the bring up is happening across engineering teams. probably a couple of 20,000 people are working on bringing up Vera Rubin”
“When you're growing at the rate and scale of Nvidia, remember we're growing some 60% a year”
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Podcasts radio news. We'd like to welcome Nvidia CEO Jensen Wong to the program.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- nvidia blackwell sales
- ai gpu demand
- china demand outlook
- vera rubin platform
- bloomberg tech special
Companies and tickers mentioned
- NVDA
- Nvidia
- Vera Rubin platform
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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