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Jinse Finance reported that Nvidia (NVDA.O) CEO Jensen Huang on Tuesday dismissed concerns about an artificial intelligence bubble, stating that the company’s latest chips will generate $500 billion in revenue over the next five quarters. At the GTC conference held in Washington, Huang pointed out that the Blackwell processor and the next-generation Rubin model are driving unprecedented sales growth. The conference highlighted the company’s collaborations with a certain exchange, Palantir, and CrowdStrike, among others, to integrate AI into various products. Nvidia also launched a new system connecting quantum computers with AI chips. “We have reached an inflection point in a virtuous cycle,” Huang told thousands of attendees at a conference center near the White House. “This is truly extraordinary.” The core of Huang’s speech focused on a turning point in the AI industry, arguing that current AI models are now powerful enough that customers are willing to pay for them, which legitimizes the construction of expensive computing infrastructure. This view eased market concerns about an AI investment bubble and pushed Nvidia’s stock price up more than 5% on Tuesday, breaking through $200 for the first time.

ChainCatcher News, according to Golden Ten Data, the three major U.S. stock indexes rose, with the Nasdaq up more than 1%, the S&P 500 up 0.43%, and the Dow Jones up 0.57%.