Jensen Huang
Nvidia
Photo: Editorial (Option A policy, Jun 10, 2026) - owner-supplied
First call on the ledger
1 still on the clock. Quotes in curly quotation marks are verbatim; everything else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
On the clock
Written down and dated. Not judged until the deadline arrives.
Nvidia expects “$1 trillion” in purchase orders for Blackwell and Vera Rubin through 2027.
Nvidia since the call: ▲ +19.2% · 183.2 → 218.4 · as of 2026-09-10
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
BullishSemis
decade-scale demand view. hedged on tape (my guess / probably); he caps the feasible pace at ~doubling per year
“the semiconductor industry is probably going to have to be 10 times larger than it is today”
NeutralSemis
Korea partnerships scale. STANCE corrected bull->neutral: a deal announcement, not a market call; window says OVER $500B, no timeframe
“$500 billion of business with each other”
Nvidia since this was said: ▲ +5.6% · 206.8 → 218.4 · as of 2026-09-10
NeutralAi Open
open-weight models stance. STANCE corrected bull->neutral: policy advocacy, no asset direction
“open models is essential for safety”
BullishAI Winners & Chips
Jensen Huang tells the All-In hosts that adding Groq, Bluefield, CPU and networking racks raised Nvidia's addressable market by roughly a third to a half.
So NVIDIA's TAM, if you will, increased from whatever it was to probably something, call it 33%, 50% higher.
Nvidia since this was said: ▲ +22.3% · 178.6 → 218.4 · as of 2026-09-10
BullishThe AI Trade
Huang says the $2T telecom base-station industry will in time become AI edge infrastructure.
So now, it's a $2 trillion industry. All of that in time will be transformed into an extension of the AI infrastructure.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BullishAI Winners & Chips
Huang tells Gerstner that rival chips cannot compete with Nvidia's pace even if given away free; Nvidia will not lose share to cheaper ASICs/AMD.
if you can't keep up with the state of the technology and the pace that we're running, even when the chips are free, it's not cheap enough.
BullishThe AI Trade
Huang says physical AI lets the tech industry address a $50T industry for the first time.
Physical AI as a large category. It's technology industry's first opportunity to address a $50 trillion industry that has largely been void of technology until now.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
NeutralAI Winners & Chips
Huang says Nvidia's physical AI business is close to $10B a year and growing exponentially.
It is a multi-billion dollar business for us. It's close to $10 billion a year now. And so it's a big business, and it's growing exponentially.
Nvidia since this was said: ▲ +22.3% · 178.6 → 218.4 · as of 2026-09-10
BullishThe AI Trade
Huang says digital biology/healthcare AI will inflect within five years.
In five years' time, I completely believe that the health care industry or digital biology is going to inflect.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BearishThe AI Trade
Huang tells the hosts his main worry is that fear and doomerism slow AI adoption in the United States while other countries adopt it.
And so I'm just mostly worried about the diffusion of AI here in the United States.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
NeutralAI Winners & Chips
Huang says OpenAI is the most used model category, open source second, Anthropic a distant third.
OpenAI is number one, open source is number two, very distant third is Anthropic.
NeutralThe AI Trade
Huang says compute demand rose about 10,000x in two years (generative to reasoning to agentic).
Now we're looking at in just two years, computation went up by a fact 10,000X.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
NeutralAI, Jobs & Productivity
Huang says he expects a $500k engineer at Nvidia to consume at least $250k of tokens a year.
If that $500,000 engineer did not consume at least $250,000 worth of tokens, I am going to be deeply alarmed, okay?
BullishAI, Jobs & Productivity
Huang says every engineer will run about a hundred AI agents.
I think that every engineer is going to have hundreds, a hundred agents.
BullishAI Winners & Chips
Huang argues enterprise software will get 100x more agent usage, the opposite of the view that AI ends enterprise IT.
The enterprise software industry is limited by butts and seeds. It's about to get 100 times more agents banging on those tools.
BullishAI Winners & Chips
Huang says proprietary model products will keep thriving even if open models reach the frontier.
It is near the frontier, and quite frankly, even if it reaches the frontier, I think that products as a service, world-class products as models as a product is gonna continue to thrive.
NeutralAI Winners & Chips
Huang says Nvidia went from 95% to 0% market share in China under export controls.
Nvidia gave up a 95% market share in the second largest market in the world. And we're at 0%.
Nvidia since this was said: ▲ +22.3% · 178.6 → 218.4 · as of 2026-09-10
BullishAI Winners & Chips
Huang says Nvidia has approved licenses, Chinese purchase orders, and is restarting its supply chain to ship to China.
Now we've informed the Chinese companies and many of them have given us purchase orders. And so we're in the process of cranking up our supply chain again to go ship.
Nvidia since this was said: ▲ +22.3% · 178.6 → 218.4 · as of 2026-09-10
NeutralThe AI Trade
Huang says helium could be a supply problem for chipmaking but the supply chain probably has buffer.
I think helium could be a problem, but it's also the case that the supply chain probably has a lot of buffer in it.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BullishThe AI Trade
Huang says everything that moves will eventually be fully or partly autonomous.
We believe that everything that moves will be autonomous completely or partly someday
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BullishAI Winners & Chips
Huang says buying from Nvidia remains one of the most economic choices for hyperscalers as long as Nvidia keeps running fast.
I believe that buying from Nvidia still is one of the most economic things they could do.
Nvidia since this was said: ▲ +22.3% · 178.6 → 218.4 · as of 2026-09-10
BullishAI Winners & Chips
Huang says Nvidia is gaining market share because ~40% of customers need the full AI-factory stack.
And so they want you to come in with a full stack, and we've got the whole stack. And so surprisingly, Nvidia's gaining market share.
Nvidia since this was said: ▲ +22.3% · 178.6 → 218.4 · as of 2026-09-10
BullishAI Winners & Chips
Huang says sell-side analysts forecasting 30%/20%/7% growth underestimate Nvidia because they do not grasp the scale and breadth of AI.
they just don't understand the scale and the breadth of AI.
Nvidia since this was said: ▲ +22.3% · 178.6 → 218.4 · as of 2026-09-10
BullishAI Winners & Chips
Huang says OpenAI and Anthropic will be enormous but the AI industry is far bigger than the labs.
open AI's incredible, they're gonna be enormous. Anthropics is incredible, they're gonna be enormous. But AI is going to be much, much bigger than that.
NeutralThe AI Trade
Huang says space data centers are exploratory and will take years; ground comes first.
And in the meantime, we're gonna explore what is the architecture of data centers look like in space? And it'll take years, it's okay.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BullishThe AI Trade
Huang says every hospital instrument will become agentic.
Every single instrument, whether it's ultrasound or CT or whatever instrument we interact with in a hospital in the future, will be agentic.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BullishThe AI Trade
Huang says robots will be everywhere within three to five years.
Three years to five years, we're going to have robots all over the place.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BullishThe AI Trade
Huang says China's micro-electronics, motors, rare-earth and magnet ecosystem is the world's best and the global robotics industry will depend on it.
I think China is formidable, and the reason for that is because they're micro-electronics, they're motors, they're rare earth, they're magnets, which is foundational to robotics.
Nasdaq since this was said: ▲ +18.1% · 22,091 → 26,082 · as of 2026-09-10
BullishAI Winners & Chips
Huang says Amodei's revenue forecast is very conservative and Anthropic will do far better.
I believe Dario and Anthropic is going to do way better than that.
BullishAI Winners & Chips
Huang says every enterprise software company will become a value-added reseller of Anthropic/OpenAI tokens.
every single enterprise software company will also be a reseller, value-added reseller of Anthropic code, Anthropic's tokens.
NeutralAI, Jobs & Productivity
Huang says driving jobs change rather than vanish: chauffeurs stay in the car as mobility assistants while it drives itself.
I believe that many of those chauffeurs will actually be in the car, sitting behind the steering wheel, while the car is driving by itself.
NeutralAI, Jobs & Productivity
Huang says every job is transformed, some eliminated, many created.
every job will be transformed. Some jobs will be eliminated. However, we also know that many, many jobs will be created.
NeutralAI, Jobs & Productivity
Huang says radiologist demand rose after computer vision was fully integrated into radiology.
The surprising outcome is the number of radiologists actually went up, and the demand for radiologists has skyrocketed.
Follow Jensen Huang
One short email when Jensen puts a new call on the record, and when a verdict lands on one. Plain words, free.
Before you trust the call, check the record.
We write down what public figures predict, in their exact words, and check the result when the deadline arrives. Every line links to its source. How we score · Corrections · The scoreboard · The data
© 2026 Pundit Rumble · independent and unaffiliated · updated every market morning · not investment advice.
We write down what public figures predict, in their exact words, and check the result when the deadline arrives. Every line links to its source. How we score · Corrections · The scoreboard · The data
© 2026 Pundit Rumble · independent and unaffiliated · updated every market morning · not investment advice.