Nvidia Needs Jensen Huang's New Catchphrase to Be True
Gizmodo • • business
Key Points:
- Nvidia reported strong earnings driven by its data center unit, which accounted for over 91% of sales and generated $193.7 billion in revenue, a 68% year-over-year increase.
- The company highlighted a nearly 13-fold growth in its data center business since the emergence of ChatGPT in fiscal 2023, reflecting surging global AI spending expected to reach $2.5 trillion this year.
- Despite massive capital expenditures by major AI hyperscalers totaling nearly $700 billion for 2026, concerns remain about the actual economic impact of AI, with some analysts noting minimal contributions to U.S. GDP and limited productivity gains reported by enterprises.
- Nvidia CEO Jensen Huang emphasized that increasing AI model complexity drives exponential
