Nvidia CEO Confirms AI Chip Sales, Discusses US-China Talks

Nvidia recently reported strong second-quarter financial results, with profits up 59% year-over-year and revenue up 56%, driven by demand for AI chips and the Blackwell Ultra series. CEO Jensen Huang emphasized the ongoing AI revolution as a new industrial shift, predicting companies will spend up to £3 trillion on AI infrastructure by the decade's end, and expressed optimism about negotiations with President Donald Trump on export licenses to China despite current political tensions limiting sales there. Huang highlighted AI's potential to transform the U.S. economy by creating new jobs and increasing productivity, while also addressing concerns about job displacement. Despite Nvidia's strong performance, shares experienced a slight drop due to uncertainties around China sales and broader market jitters. Analysts remain bullish, with Needham maintaining a Buy rating and projecting further revenue growth, particularly if geopolitical tensions ease. Additionally, Huang expressed confidence that U.S. tech companies will navigate challenges posed by tariffs and trade policies, underscoring Nvidia's resilience and leadership in the AI and semiconductor sectors.