Jensen Huang: "AI infrastructure spending is on track to reach 3 to 4 trillion annually by the…"

Nvidia CEO Jensen Huang told analysts on a May 20 earnings call that annual global spending on artificial intelligence infrastructure is projected to reach $3 trillion to $4 trillion by the end of the decade. He spoke after Nvidia reported $82 billion in first-quarter revenue, an 85% jump from a year earlier, including $75 billion from data-center products, and forecast about $91 billion for the following quarter. Huang also cited $1 trillion in expected combined revenue from its Blackwell and Vera Rubin systems through 2027. The outlook adds context to Nvidia’s role in a $500 billion AI investment effort involving major financial firms. The scale of projected spending helps explain investor optimism, though challenges such as limited China revenue remain.