Jensen Huang, chief executive officer of Nvidia Corp., during the keynote address at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Nvidia Corp. plans to make a $1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from mobile networking kit into artificial intelligence by the sector’s kingmaker. <\/p>\n
(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble, saying the company\u2019s latest chips are on track to generate half a trillion dollars in revenue.<\/p>\n
The Blackwell processor, Nvidia\u2019s flagship artificial intelligence accelerator, and the newer Rubin model are fueling an unprecedented surge of sales growth through 2026, Huang said Tuesday at a company presentation in Washington.<\/p>\n
Most Read from Bloomberg<\/p>\n
The event \u2014 Nvidia\u2019s first GTC conference held in the nation\u2019s capital \u2014 highlighted the partnerships that the company is forging across the industry. The chipmaker is teaming up with Uber Technologies Inc., Palantir Technologies Inc. and CrowdStrike Holdings Inc., among others, aiming to ensure its technology remains at the heart of the AI frenzy. And Nvidia unveiled a new system to connect quantum computers with its artificial intelligence chips.<\/p>\n
Nvidia\u2019s tie-ups also reflect its increasingly global ambitions. The company is planning a \u20ac1 billion ($1.2 billion) data center in Germany with Deutsche Telekom AG and just announced an investment deal with Nokia Oyj. Huang also is poised to unveil pacts with Samsung Electronics Co. and Hyundai Motor Group when he visits South Korea this week.<\/p>\n
\u201cWe have now reached our virtuous cycle, our inflection point,\u201d Huang told thousands of attendees at a convention hall blocks from the White House. \u201cThis is quite extraordinary.\u201d<\/p>\n
Huang also emphasized the ways his company is helping advance President Donald Trump\u2019s economic agenda for building out American manufacturing. The Nvidia chief delivered his remarks days before Trump is scheduled to meet Chinese President Xi Jinping to finalize a trade deal that would ease years of trade tensions. Previous restrictions have effectively blocked Nvidia\u2019s prized AI chips from China.<\/p>\n
But much of the presentation focused on the AI industry reaching a turning point. Huang\u2019s argument: Artificial intelligence models are now powerful enough that customers are willing to pay for them \u2014 and that in turn will justify the costly build-out of computing infrastructure.<\/p>\n
<\/p>\n
The remarks helped ease fears of an AI investment bubble, sending shares of Nvidia up 5% to a record closing high of $201.03 on Tuesday.<\/p>\n
Story Continues <\/p>\n
\u201cI don\u2019t believe we\u2019re in an AI bubble,\u201d Huang said during a Bloomberg Television interview after the presentation. \u201cAll of these different AI models we\u2019re using \u2014 we\u2019re using plenty of services and paying happily to do it.\u201d<\/p>\n
Nvidia expects to ship 20 million units of its latest chips. A previous generation \u2014 Hopper \u2014 only accounted for 4 million units in its whole lifetime, Huang said.<\/p>\n
The highlights of the GTC event, described as an \u201cAI Super Bowl,\u201d included:<\/p>\n
An agreement to power a fleet of 100,000 self-driving Uber vehicles with Nvidia technology. As part of the collaboration, Stellantis NV will be among the first automakers to deliver the robotaxis.<\/p>\n
A partnership with automaker Lucid Group Inc. to develop an autonomous vehicle platform.<\/p>\n
An Nvidia investment of $1 billion in Nokia, the Finnish telecommunications company. The move helps support Nokia\u2019s pivot from mobile networking into AI, and it sent that company\u2019s shares soaring.<\/p>\n
A CrowdStrike collaboration to develop \u201calways-on, continuously learning\u201d AI agents for cybersecurity. Shares of CrowdStrike gained on the announcement.<\/p>\n
A Palantir pact that will pair Nvidia\u2019s technology with that company\u2019s Ontology platform. The idea is to use AI techniques to gain new insights into logistics. Lowe\u2019s Cos. will be one of the first adopters, Nvidia said.<\/p>\n
A plan with Eli Lilly & Co. to build the most powerful supercomputer owned and operated by a pharmaceutical company. It will rely on more than 1,000 of Nvidia\u2019s Blackwell AI accelerator chips.<\/p>\n
Nvidia, the world\u2019s most valuable company, has benefited more than anyone from runaway spending on AI computing. But it still depends on a small group of customers \u2014 data center operators such as Microsoft Corp., Amazon.com Inc. and Alphabet Inc.\u2019s Google \u2014 for much of its revenue. The three-day Washington event is part of a bid to serve a broader client base.<\/p>\n
Though Nvidia remains dominant in the market for AI accelerators, the processors that help train and run artificial intelligence models, its challenges are growing. Advanced Micro Devices Inc. and Broadcom Inc. are making inroads in the industry, and companies like ChatGPT maker OpenAI is looking to develop more in-house technology. Just this week, phone-chip maker Qualcomm Inc. announced that it will take on Nvidia in AI accelerators.<\/p>\n
AMD\u2019s stock has more than doubled this year, signaling that investors see it in particular as a major competitor. Nvidia shares were up a less-impressive 43% through Monday\u2019s close.<\/p>\n
Nvidia is also contending with concerns that the cost of AI infrastructure is outpacing the actual economic benefits. Huang and his peers are steadfast in their assertion that AI will revolutionize the world economy and that the computing build-out is money well spent.<\/p>\n
Nvidia CEO Jensen Huang says computing is going through a natural transition during an interview with Bloomberg\u2019s Ed Ludlow at the GTC event in Washington, DC.Source: Bloomberg <\/p>\n
The chipmaker\u2019s pitch to a Washington audience had more patriotic flair than usual. The event frequently stressed Nvidia\u2019s role as an American champion and the ways it was helping return manufacturing to domestic soil. Huang even nodded to Trump\u2019s signature slogan in his sign-off by thanking the audience for \u201cmaking America great again.\u201d<\/p>\n
At the same time, Huang has been signing deals in Europe and other regions to solidify Nvidia\u2019s place as the leader in providing overseas nations with gear to help them build \u201csovereign\u201d AI systems \u2014 infrastructure that isn\u2019t dependent on the US technology giants.<\/p>\n
A lingering issue: The Santa Clara, California-based company has been seeking help from the White House and lawmakers to sell AI chips in China. A clampdown on exports to that country has cost Nvidia billions of dollars in revenue.<\/p>\n
Huang said that his projections for the Blackwell and Rubin chips didn\u2019t include sales from that country.<\/p>\n
Ahead of his keynote, Huang told attendees in an impromptu appearance that he would be seeing Trump in coming days on the sidelines of the Asia Pacific Economic Cooperation summit in Seoul.<\/p>\n
(A previous version of the story corrected the spelling of Finnish.)<\/p>\n
Most Read from Bloomberg Businessweek<\/p>\n
\u00a92025 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"Jensen Huang, chief executive officer of Nvidia Corp., during the keynote address at the Nvidia AI summit in…\n","protected":false},"author":2,"featured_media":257758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[181,7904,28,3426,11379,139411,4321],"class_list":{"0":"post-257757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-artificial-intelligence","9":"tag-bloomberg","10":"tag-business","11":"tag-company","12":"tag-jensen-huang","13":"tag-nokia-oyj","14":"tag-nvidia"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/257757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=257757"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/257757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/257758"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=257757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=257757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=257757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}