Jensen Huang says he's found a 'brand new' $200B market for Nvidia
TechCrunch • • business
Key Points:
- Nvidia CEO Jensen Huang announced a new $200 billion total addressable market (TAM) for the company, driven by its recently introduced Vera CPU, designed specifically for agentic AI applications.
- Huang highlighted that Vera, sold both standalone and bundled with Nvidia’s Rubin GPU, is purpose-built to process tokens rapidly, differentiating it from traditional CPUs optimized for multi-core performance.
- Nvidia reported $81.6 billion in revenue for the latest quarter and forecasted $91 billion for the next, with Vera already generating $20 billion in standalone CPU sales this year.
- Despite Nvidia's dominant position, Wall Street remains cautious due to competition in the CPU market from companies like Amazon Web Services, which recently secured a large AI CPU contract with Meta.
- Huang envisions a future with billions of AI agents running on CPUs like Vera, creating significant demand and positioning Nvidia at the center of the transition toward agentic and robotic physical AI computing.