NVIDIA CEO states Moore's Law has ended and announces $1 trillion in GPU hardware required to modernize existing global datacenters.

In a recent interview with Altimeter Capital, NVIDIA CEO Jensen Huang asserted that the company's bullish case bears no resemblance to the mania surrounding Cisco at the apex of the dot-com bubble. Huang emphasized that NVIDIA is "reinventing computing" and that the future will be "highly machine learned." He further contended that every application—citing Word, Excel, PowerPoint, Photoshop, Premier, and AutoCAD as examples—will become highly machine learned, underlining the expansive scale of market opportunity that NVIDIA has yet to capitalize on.

Central to Huang's argument is his belief that Moore's Law as we know it has ended. Consequently, existing data centers will require approximately $1 trillion worth of GPUs over the next 4 to 5 years to modernize and keep pace with evolving computational demands. Huang believes that NVIDIA will replace one hundred percent of the $1 trillion CPU-based data center TAM with GPU, positioning the company's GPUs as essential infrastructure rather than optional upgrades.

A particularly viral segment of Huang's interview centered on his praise for Elon Musk and xAI's rapid data center deployment. Huang described how xAI managed to operationalize NVIDIA's hardware within its own data center in just 19 days—a timeline he characterized as extraordinary given the typical duration of such projects. Huang stated: "Just building a massive factory, liquid-cooled, energized, permitted in the short time that was done...I mean that is, like, superhuman. Yeah, there's. And, as far as I know, there's only one person in the world who could do that. You know, I mean, Elon is singular in this understanding of engineering and construction and large systems, and marshaling resources."

Reflecting the extraordinary demand for NVIDIA's latest offerings, the company's entire supply of Blackwell GPUs is already sold out for the next 12 months, with demand characterized as "insane." NVIDIA's stock currently trades near its all-time high of $140.76, underscoring investor confidence in the company's growth trajectory amid this surge in semiconductor demand.