Nvidia's AI Buildout Seen as Just Beginning

NVIDIA's CEO Jensen Huang believes that AI buildout is still in its early stages. He made this statement at the Goldman Sachs Communacopia + Technology Conference 2026, where he also highlighted the company's growth and value potential.

Huang estimated that AI infrastructure spending could reach $3 trillion to $4 trillion by 2030, driven by generative computing and the end of Moore's Law. He emphasized that NVIDIA is well-positioned for this shift, with strong demand across cloud providers, enterprises, OEMs, and neoclouds.

The company has seen significant growth in its systems business, with month-over-month growth of 27% in Grace, Blackwell, and NVLink systems. Huang also highlighted NVIDIA's pricing power, citing individual GPU system prices ranging from $18,000 for Hopper to $40,000 for Vera Rubin.

Huang described NVIDIA as both a growth and value stock, arguing that its compute systems are becoming asset-backed investments rather than simple technology purchases. He emphasized the company's broad reach, serving nearly every major corner of the AI market, including major AI model developers and cloud service providers.