Tech
Nvidia shares rise 8% as Jensen Huang says $660 billion capex buildout is sustainable
Key Points
- The tech industry’s surging capital expenditures for AI infrastructure are justified, appropriate and sustainable, Nvidia CEO Jensen Huang said on CNBC’s “Halftime Report.”
- Huang’s comments come after key Nvidia customers Meta, Amazon, Google and Microsoft reported their latest earnings over the past two weeks.
- “To the extent that people continue to pay for the AI and the AI companies are able to generate a profit from that, they’re going to keep on doubling, doubling, doubling, doubling,” Huang said.
