Huang’s remarks came as Nvidia’s shares rose 2.54% to $219.34, giving the chipmaker a market value of roughly $5.3 trillion, making it the world’s most valuable public company by market cap.
The CEO highlighted the scale of the AI opportunity, stating that annual AI‑infrastructure spending is expected to land between $3 trillion and $4 trillion by 2030, a figure that dwarfs Gartner’s projection of about $1.48 billion for the same period.
He also restated Nvidia’s fiscal‑year guidance issued with its second‑quarter report earlier in September, which calls for a 70% increase in sales for the upcoming fiscal year, a target the company says is on track to meet given its 106% year‑over‑year revenue growth in Q2 and a 118% jump in adjusted net income.
Describing Nvidia as the “world’s first and only growth‑value stock,” Huang argued that despite the company’s megacap size, traditional valuation multiples suggest the stock remains undervalued. Nvidia is currently trading at about 23 times this year’s expected earnings and roughly 12.5 times expected sales.
Analysts note that such low multiples relative to Nvidia’s rapid expansion could be justified only if the business were expected to face a sharp slowdown, a scenario that Huang and the company’s recent results do not support.
The projections and guidance were presented to an audience of investors and technology leaders, underscoring Nvidia’s central role in the AI hardware ecosystem and its influence on market expectations for AI spending.