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Nvidia CEO Huang Renxun said that despite concerns about excessive consumption in the data center by customers, their spending levels are reasonable and sustainable. Huang Renxun stated that the construction of artificial intelligence infrastructure will continue for seven to eight years, and he also said that the demand for artificial intelligence is "simply too high." Huang Renxun said, "Artificial intelligence has become very useful and powerful. Its applications have also become widespread."
Previously, the significant capital expenditures of many global technology companies, including Amazon, Google, Meta Platforms, and Microsoft, raised concerns among investors after their financial reports were released. In recent days, the total market value of these four companies has shrunk by nearly $1 trillion. The majority of these expenditures will be directed towards Nvidia - the company's data center processors help develop and run artificial intelligence models.
Huang Renxun believes that artificial intelligence has brought returns to those who have adopted it, and if these customers have more data centers, their profits will be even more substantial.
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