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Nvidia Corp. CEO Jensen Huang stated that token consumption and graphics processing unit demand have gone “through the roof” due to artificial intelligence agents. Deepwater Asset Management Managing Partner Gene Munster supported this statement, predicting that daily bot users could reach the billions in the coming years and drive compute demand. <\/p>\n
Gene Munster Backs Bullish Outlook <\/p>\n
Munster echoed Huang’s comments, stating that the rise of personalized agents is “one of the clearer reasons compute demand should keep ramping for the next few years”. Munster estimated that agents can consume “10-15x the tokens of a chatbot.” <\/p>\n
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Currently, about 15 million consumers use bots daily, Munster noted. However, he predicted that “in a few years that could be billions,” which would fuel sustained growth for Nvidia. <\/p>\n
Jensen highlights that personalized agents (Muse, Grok Bot) will push token usage “through the roof.”<\/p>\n
My take: One of the clearer reasons compute demand should keep ramping for the next few years. Agents can consume 10-15x the tokens of a chatbot.
Today roughly 15m consumers use\u2026 <\/p>\n
\u2014 Gene Munster (@munster_gene) October 21, 2026<\/a> <\/p>\n Chief Market Strategist Shay Boloor similarly noted that agents already consume approximately five times more tokens than human users on the OpenRouter platform, stating that “AI compute demand will keep growing for years”. <\/p>\n $NVDA<\/a> CEO Jensen Huang says personalized AI agents like $META<\/a> Muse and $SPCX<\/a> Grok Bot will send token usage “through the roof” as agents already consume ~5x more tokens than human users on OpenRouter.<\/p>\n AI compute demand will keep growing for years. pic.twitter.com\/1HzV4gUwWC<\/a> <\/p>\n \u2014 Shay Boloor (@StockSavvyShay) October 21, 2026<\/a> <\/p>\n Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/a> <\/p>\n Agents Drive Token Usage <\/p>\n During his keynote address in Berlin on Oct. 21, Huang discussed the emergence of personalized AI agents, specifically highlighting “the incredible Meta Muse, Grok bot, and of course Gemini.” Huang explained that agents “think, reason, iterate, use tools, and as a result consume an enormous amount of tokens.” <\/p>\n Because agents iterate to solve complex problems, they become more capable and are adopted by a wider user base. As agents must “use a lot of tokens to think, the amount of token consumption has gone through the roof,” Huang said. He added that “GPU demand has really gone through the roof” as a direct result. <\/p>\n Story Continues <\/p>\n The Architecture of AI Agents <\/p>\n Huang outlined five elements of an AI agent: a model, an exoskeleton that orchestrates memory and tools, a sandbox that provides isolation, knowledge and tools. He characterized the harness as an “exoskeleton” that orchestrates work and allows the agent to engage working memory and long-term memory. <\/p>\n This architecture requires dedicated computing power for processing the large language model, managing the agent’s knowledge data, and executing the tools it needs to perform tasks autonomously. He noted that the industry is shifting from simply consuming AI to manufacturing it within massive data centers, which he referred to as AI factories. <\/p>\n See Also: Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.<\/a> <\/p>\n How Has NVDA Performed in 2026? <\/p>\n The stock was 2.41% lower in premarket trading on Thursday. It advanced by 22.53% over the last year, up 19.02% year-to-date, and down 2.38% over the last month. The stock closed up 2.54% at $221.97 on Wednesday. <\/p>\n Benzinga’s Edge Stock Rankings indicate that NVDA maintains a weak price trend in the short term but a strong trend in the long and medium terms, with a poor value score. <\/p>\n Photo courtesy: Shutterstock <\/p>\n Read Next: Think you’re saving enough for your kids? You might be dangerously off \u2014 see why<\/a> <\/p>\n Building Wealth Across More Than Just the Market <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry. <\/p>\n EquityMultiple\u00a0 <\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/a>,<\/a> with only ~5% of opportunities passing their due diligence process.\u00a0 <\/p>\n Arrived <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. <\/p>\n American PowerGen <\/p>\n As artificial intelligence drives a surge in electricity demand, reliable power generation is becoming a critical part of the technology ecosystem. 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Bito is building software designed to help AI coding agents better understand complex codebases while helping companies control AI development costs.<\/a> Founded by former PubMatic executives, Bito has raised more than $10 million from institutional and individual investors and is now raising additional capital through a Wefunder offering, giving investors an opportunity to invest in a company targeting an emerging need within the rapidly expanding AI software market. <\/p>\n FarmTogether <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches. <\/p>\n Fundrise <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate<\/a> and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth. <\/p>\n \u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. <\/p>\n