On October 29, during the GTC conference held in Washington on Tuesday, NVIDIA's CEO, Huang Renxun, addressed and refuted concerns regarding the existence of an artificial intelligence (AI) bubble. He confidently asserted that, driven by the innovative Blackwell processor and the cutting-edge Rubin model, the company's latest chip offerings are projected to amass a staggering $500 billion in revenue over the forthcoming five quarters. This projection is underpinned by expectations of unprecedented sales growth.

At the conference, NVIDIA proudly displayed its collaborative achievements with industry leaders such as Uber, Palantir, and CrowdStrike. These partnerships have been instrumental in propelling the integration and application of AI technology across a diverse array of products.

Furthermore, NVIDIA unveiled a groundbreaking system designed to seamlessly connect quantum computers with AI chips, marking a significant leap forward in technological innovation.

Addressing the attendees, Huang Renxun remarked, "We stand at the precipice of a transformative turning point within a virtuous cycle—a development that is nothing short of extraordinary." He underscored the robustness of current AI models, highlighting that their capabilities are sufficiently advanced to warrant customer investment, thereby justifying the substantial expenditure on computing power infrastructure.

Huang Renxun's perspective effectively dispelled lingering market anxieties surrounding an AI investment bubble. This reassurance catalyzed a notable surge in NVIDIA's stock price, which soared by over 5% on Tuesday, marking the first time it surpassed the $200 threshold.