Keep pulling the thread on Jensen Huang.
Since going public in 1999, NVIDIA's total shareholder return has compounded at an annual rate of 37%.
Jensen Huang states that nations must increase their energy supply to support the significant investment required for building AI infrastructure.
The spot rental price for NVIDIA GPUs is increasing, not only for the latest models but also for GPUs that are two generations old, indicating high demand.
In a recent peak year for venture capital, over $100 billion was invested globally, with the majority directed towards "AI native" companies.
Jensen Huang believes the current development of AI represents a computing platform shift on the same scale as the historical transitions to PCs, the internet, and mobile cloud.
Jensen Huang asserts that the current buildout of AI data centers and related systems represents the largest infrastructure project in human history.
Jensen Huang predicts that trillions of dollars of AI-related infrastructure will need to be built out.
TSMC has announced plans to build 20 new chip fabrication plants to support the growing semiconductor demand.
Foxconn, Wistron, and Quanta are collectively building 30 new computer manufacturing plants to produce hardware for AI factories.
A major AI breakthrough in the last year was the evolution of language models into "agentic systems" capable of multi-step reasoning and planning.
Jensen Huang states that "physical AI," which understands the physical world including proteins, chemicals, and physics, made enormous progress in the last year.
Jensen Huang advocates for every country to build its own sovereign AI infrastructure and train models using its unique language and cultural data.