Nvidia's CEO Says AI Boom Is Here to Stay Through 2030
By Global Leaders Insights Team | Aug 28, 2025
Nvidia’s CEO, Jensen Huang, brushed off worries that the artificial intelligence (AI) craze might be cooling down, predicting that AI will fuel a massive multi-trillion-dollar market over the next five years.
Speaking after Nvidia announced its third-quarter revenue forecast, which matched Wall Street’s expectations, Huang called AI a game-changer, comparing it to a “new industrial revolution.”
Nvidia, currently the world’s most valuable company with a $4.4 trillion market cap, projected third-quarter revenue of about $52.7 billion. While this met analyst predictions, it didn’t beat the high hopes that have driven Nvidia’s stock up 33% this year.
Some investors are growing cautious, with AI-focused stocks showing signs of slowing down and warnings of overhyped excitement. Still, Huang remains confident, saying,The AI race is on. We see $3 trillion to $4 trillion in AI infrastructure spend by the end of the decade.”
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His optimism comes despite mixed signals in the market. For example, OpenAI’s CEO, Sam Altman, recently hinted that investors might be getting too carried away with AI. Nvidia’s data center business, a major growth engine, grew by just 5% from the last quarter, which raised some eyebrows. But Huang pointed out that Nvidia’s chips are helping customers process more data while using less energy, keeping demand strong. One standout deal was a $650 million order for Nvidia’s H20 chip, designed for China but bought by a non-Chinese customer.
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Thomas Martin, a portfolio manager at Globalt Investments, backed Huang’s outlook, saying, “Big spending plans from major tech players show we’re still in the early days of the AI boom.” Nvidia is also expanding its customer base to include governments, which could keep its growth steady. As the company rolls out its new Blackwell AI supercomputers, which brought in $11 billion last year, Huang’s confidence suggests AI’s momentum will keep powering forward, even with some ups and downs.
