The CEO addressed reports of potential 15% price hikes while touting the company\u2019s job creation as Nvidia employs roughly 42,000 people worldwide.<\/p>\n
“This quarter we decided that we would rip the Band-Aid off, reset expectations about our gross margins, and just explain to people that in fact, we have now absorbed the cost increases,” Huang said during an interview with “The Claman Countdown” that airs Thursday.<\/p>\n
JENSEN HUANG SAYS AI WILL RESHAPE WORK LIKE THE INDUSTRIAL REVOLUTION AND THE US ‘SHOULD ABSOLUTELY LEAD’<\/a><\/p>\n The Nvidia logo is displayed on a phone screen in this illustration photo taken in Krakow, Poland on July 19, 2023. (Jakub Porzycki\/NurPhoto \/ Getty Images)<\/p>\n “We have also repriced our products in the marketplace, and based on that, our margins are going to come down from 75%. But it will be between 72% and 73% next year,” he continued. “And so, we’ve now reset the expectations and removed this anxiety that everybody had about our gross margins.”<\/p>\n Huang\u2019s comments follow Nvidia\u2019s blowout earnings report after the close Wednesday, which helped ease investor concerns about whether the AI boom<\/a> is slowing.<\/p>\n APPLE RAISES PRICES AS AI CHIP COSTS SURGE<\/a><\/p>\n The chip giant\u2019s earnings beat Wall Street expectations for its fiscal second quarter, and it offered a strong revenue outlook for the next fiscal year, sending shares up 4%.<\/p>\n Nvidia, valued at roughly $5 trillion, expects revenue to surpass $96 billion in the second quarter of fiscal 2027.<\/p>\n Nvidia CEO Jensen Huang and semiconductor chip. (Getty\u00a0)<\/p>\n AMERICA’S AI BOOM IS A JOBS OPPORTUNITY, NOT AN EXCUSE FOR UNIVERSAL BASIC INCOME<\/a><\/p>\n Huang, who co-founded the Santa Clara-based chip giant in 1993, touted Nvidia\u2019s role in creating massive amounts of jobs in the tech industry, saying the chipmaker is “creating jobs everywhere.”<\/p>\n Out of Nvidia\u2019s roughly 42,000 employees, 50% have a net worth exceeding $25 million, according to Yahoo Finance.<\/a><\/p>\n The CEO explained to anchor Liz Claman that while the AI boom is creating huge demand for Nvidia, allowing them to fuel job growth<\/a>, there still aren\u2019t enough skilled workers<\/a> to keep up with demand.<\/p>\n Nvidia CEO Jensen Huang details the company\u2019s impact on the tech industry and argues its expansion is creating jobs \u2018everywhere\u2019 on \u2018The Claman Countdown.\u2019<\/p>\n GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/a><\/p>\n “We’re creating more jobs than ever,” Huang said. “We’re creating jobs in chip plants, packaging plants, computer plants, and of course, all of these AI data centers<\/a>.”<\/p>\n![\"chip](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/08\/nvidia.jpg\")
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