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NVIDIA CEO Jensen Huang not only made the right point in a recent interview but went a step further by highlighting the stunning scale of market opportunity that NVIDIA has yet to capitalize on. While NVIDIA investors were busy poring over select information from this extensive interview, the live-streamed interaction also gained traction for the flowery language Huang used for Tesla and xAI CEO Elon Musk.

Jensen casually explains the killing of the Investment Banking and Consulting Analyst programs. ☠️ $NVDA 👀

“EVERY SINGLE APP – Word, Excel, PowerPoint, Photoshop, Premier, AutoCAD – give me your favorite app… I promise it will be HIGHLY machine-learnable in… pic.twitter.com/yRnZhzQgBT

— Senyawa248 💰 (@senyawa248) October 13, 2024

In essence, in a recent interview with Altimeter Capital, Jensen Huang emphasized that NVIDIA’s ongoing bull case is nothing like the mania surrounding Cisco at the height of the dot-com bubble. In particular, Huang believes that NVIDIA is “reinventing computing” and that the future will be “heavily machine-learned.”

“Moore’s Law is largely over.”

Jensen Huang on why Nvidia will replace ONE HUNDRED PERCENT of its $1 trillion CPU-based TAM data centers with GPUs.

“We have reinvented computing, we are not going back.

“Imagine you have $50 billion in capital expenditures to spend:

“Option A, Option B; building capital expenditure… pic.twitter.com/xbXqG5uKYC

— Senyawa248 💰 (@senyawa248) October 13, 2024

In another extraordinary statement that went viral, the CEO of NVIDIA believes that Moore’s Law as we know it has come to an end, and, therefore, to extract the computing power necessary to keep up with the compute-hungry software of the future, the software that exists today already available. Data centers will need approximately $1 trillion dollars worth of GPUs in the next 4 to 5 years to modernize and keep up with demand.

Nvidia CEO Jensen Huang talks about xAI and Elon Musk pic.twitter.com/tPrwPzWozO

— Evan (@StockMKTNewz) October 13, 2024

Of course, another clip that went viral, especially among Elon Musk’s vast fan base, had to do with Huang’s flowery language as he explained how xAI was able to put NVIDIA equipment together and operationalize it in its own data center in just 17 days, when normally it would takes longer. NVIDIA CEO noted:

“…Just building a huge, liquid-cooled, high-powered, permitted factory in the short time it was completed…I mean, that’s like, superhuman. Yes, there is. And, as far as I know, there’s only one person in world that can do that. You know, I mean, Elon is very skilled at understanding engineering and construction and large systems, and resource organization…”

Meanwhile, as we noted in a recent dedicated post, the entire supply of NVIDIA’s latest Blackwell GPUs has been sold out for the next 12 months as demand for the chips remains “insane.”

Therefore, it is not surprising that NVIDIA stock is currently still below its all-time high of $140.76.