Jensen Huang, Nvidia CEO, dismisses concern about the end of spending boom on AI chips. Here’s WHY

Dismissing concerns about an end to a spending boom on artificial intelligence chips, Nvidia CEO Jensen Huang on Wednesday projected opportunities will expand into a multi-trillion-dollar market over the next five years, reported Reuters.

The Nvidia CEO tried to reassure investors rattled by indications of slowing growth at the chipmaker. Earlier in the day, Nvidia forecast third-quarter revenue meeting analyst estimates. However, it fell short of the lofty expectations, which sent its share price up roughly one-third this year.

Huang’s bullish outlook…