Demand for artificial intelligence is booming and only just getting started, according to Nvidia CEO Jensen Huang.
“This year, particularly the last six months, demand of computing has gone up substantially,” the CEO told CNBC in a televised interview Wednesday, adding that that he believes the AI boom is still in its early stages, leaving room for further growth.
Shares of Nvidia (NVDA) were up 2% in recent trading, contributing to a rally in the tech sector. The chipmaker at the heart of the AI boom has seen its stock climb roughly 40% so far in 2025 as sales of its chips to power data centers surged and trade policy headwinds eased. Its move this year has helped propel Nvidia into the top spot as the world’s most valuable public company, and made its CEO one of the richest people in the world.
Shares of Nvidia partners such as Micron Technology (MU) and Super Micro Computer (SMCI) also climbed Wednesday, adding to gains earlier in the week on a massive OpenAI deal with Advanced Micro Devices (AMD), which also collaborates with the companies. AMD’s deal came just weeks after Nvidia announced its own deal with OpenAI.
OpenAI CEO Sam Altman said in a social media post Monday that the startup views its AMD deal as incremental to the ChatGPT maker’s work with Nvidia, and that
Nvidia’s Jensen Huang Says AI Demand Is Up ‘Substantially’ This Year, and Still Growing
