Jensen Huang Said This Word Exactly 1 Time During Nvidia's Earnings Call, and That Was Enough to Put Artificial Intelligence (AI) Bubble Fears to Rest
Key PointsThe top five AI hyperscalers are expected to spend close to $800 billion on capex this year and $1.3 trillion next year.
During Nvidia's second-quarter earnings call, CEO Jensen Huang used the word "visibility" only once, which appears to have quelled concerns about the AI bubble. Instead of engaging in lengthy debates with skeptical analysts about the sustainability of the AI build-out, Huang highlighted that Nvidia can now see further into the supply chain than ever before, encompassing wafers, memory, optics, land, power, and facilities for the next wave of AI systems.
This perspective, coupled with Nvidia's record results and a supply-constrained outlook, suggests that the company's growth trajectory is more promising than the persistent bubble commentary surrounding its stock.
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