By Ian King, Maggie Eastland and Ed Ludlow
10/28/2025
Summary by Bloomberg AI
- Nvidia Corp. Chief Executive Officer Jensen Huang announced new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue.
- The chipmaker is teaming up with companies such as Uber Technologies Inc., Palantir Technologies Inc. and CrowdStrike Holdings Inc. to ensure its technology remains at the heart of the AI frenzy.
- Huang emphasized the ways his company is helping advance President Donald Trump’s economic agenda for building out American manufacturing, and expects to ship units of its latest chips, with a previous generation only accounting for 4 million units in its whole lifetime.
(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company’s latest chips are on track to generate half a trillion dollars in revenue.
The Blackwell processor, Nvidia’s flagship artificial intelligence accelerator, and the newer Rubin model are fueling an unprecedented surge of sales growth through 2026, Huang said Tuesday at a company presentation in Washington.
The event — Nvidia’s first GTC conference held in the nation’s capital — highlighted the partnerships that the company is forging across the industry. The chipmaker is teaming up with Uber Technologies Inc., Palantir Technologies Inc. and Crowd Strike Holdings Inc., among others, aiming to ensure its technology remains at the heart of the AI frenzy. And Nvidia unveiled a new system to connect quantum computers with its artificial intelligence chips.
“We have now reached our virtuous cycle, our inflection point,” Huang told thousands of attendees at a convention hall blocks from the White House. “This is quite extraordinary.”
Huang also emphasized the ways his company is helping advance President Donald Trump’s economic agenda for building out American manufacturing. The Nvidia chief delivered his remarks days before Trump is scheduled to meet Chinese President Xi Jinping to finalize a trade deal that would ease years of trade tensions. Previous restrictions have effectively blocked Nvidia’s prized AI chips from China.
But much of the presentation focused on the AI industry reaching a turning point. Huang’s argument: Artificial intelligence models are now powerful enough that customers are willing to pay for them — and that in turn will justify the costly build-out of computing infrastructure.
The remarks helped ease fears of an AI investment bubble, sending shares of Nvidia up 5% to a record closing high of $201.03 on Tuesday.
“I don’t believe we’re in an AI bubble,” Huang said during a Bloomberg Television interview after the presentation. “All of these different AI models we’re using — we’re using plenty of services and paying happily to do it.”
Nvidia expects to ship 20 million units of its latest chips. A previous generation — Hopper — only accounted for 4 million units in its whole lifetime, Huang said.
The highlights of the GTC event, described as an “AI Super Bowl,” included:
- An agreement to power a fleet of 100,000 self-driving Uber vehicles with Nvidia technology. As part of the collaboration, Stellantis NV will be among the first automakers to deliver the robotaxis.
- A partnership with automaker Lucid Group Inc. to develop an autonomous vehicle platform.
- An Nvidia investment of $1 billion in Nokia Oyj, the finish telecommunications company. The move helps support Nokia’s pivot from mobile networking into AI, and it sent that company’s shares soaring.
- A CrowdStrike collaboration to develop “always-on, continuously learning” AI agents for cybersecurity. Shares of CrowdStrike gained on the announcement.
- A Palantir pact that will pair Nvidia’s technology with that company’s Ontology platform. The idea is to use AI techniques to gain new insights into logistics. Lowe’s Cos. will be one of the first adopters, Nvidia said.
- A plan with Eli Lilly & Co. to build the most powerful supercomputer owned and operated by a pharmaceutical company. It will rely on more than 1,000 of Nvidia’s Blackwell AI accelerator chips.
Nvidia, the world’s most valuable company, has benefited more than anyone from runaway spending on AI computing. But it still depends on a small group of customers — data center operators such as Microsoft Corp., Amazon.com Inc. and Alphabet Inc.’s Google — for much of its revenue. The three-day Washington event is part of a bid to serve a broader client base.
Though Nvidia remains dominant in the market for AI accelerators, the processors that help train and run artificial intelligence models, its challenges are growing. Advanced Micro Devices Inc. and Broadcom Inc. are making inroads in the industry, and companies like ChatGPT maker OpenAI is looking to develop more in-house technology. Just this week, phone-chip maker Qualcomm Inc. announced that it will take on Nvidia in AI accelerators.
AMD’s stock has more than doubled this year, signaling that investors see it in particular as a major competitor. Nvidia shares were up a less-impressive 43% through Monday’s close.
Nvidia is also contending with concerns that the cost of AI infrastructure is outpacing the actual economic benefits. Huang and his peers are steadfast in their assertion that AI will revolutionize the world economy and that the computing build-out is money well spent.
Nvidia CEO Jensen Huang says computing is going through a natural transition during an interview with Bloomberg’s Ed Ludlow at the GTC event in Washington, DC.
The chipmaker’s pitch to a Washington audience had more patriotic flair than usual. The event frequently stressed Nvidia’s role as an American champion and the ways it was helping return manufacturing to domestic soil. Huang even nodded to Trump’s signature slogan in his sign-off by thanking the audience for “making America great again.”
The Santa Clara, California-based company has been seeking help from the White House and lawmakers to sell AI chips in China. A clampdown on exports to that country has cost Nvidia billions of dollars in revenue.
Huang said that his projections for the Blackwell and Rubin chips didn’t include sales from that country.
Ahead of his keynote, Huang told attendees in an impromptu appearance that he would be seeing Trump in coming days on the sidelines of the Asia Pacific Economic Cooperation summit in Seoul.