Nvidia CEO Highlights Surging AI Demand Amid Stock Rally

Nvidia shares climbed 2% following CEO Jensen Huang's remarks on CNBC about unprecedented demand for AI computing. "The last six months have seen a substantial increase in computing needs," Huang stated during the interview. His comments underscored Nvidia's pivotal role in powering artificial intelligence, with the company's stock movement lifting the Nasdaq Composite.

Huang emphasized the dual exponential growth in AI capabilities and adoption. "The AIs are now smart enough that universal demand has materialized," he observed. Nvidia's Blackwell GPU series faces particularly intense demand, which Huang framed as the dawn of a new industrial revolution.

The chipmaker's $100 billion investment in OpenAI's data center ambitions reveals the scale of infrastructure required. OpenAI's planned 10-gigawatt capacity—equivalent to New York City's peak summer power consumption—highlights the energy challenges facing AI expansion. Huang warned that while the U.S. maintains a narrow lead over China in energy infrastructure, significant innovation in power generation will be necessary to sustain AI's growth trajectory.