Nvidia's Huang says no chip bust "for a while"

Nvidia CEO Jensen Huang states that the current boom in the chip industry is different from past cycles because it is industrially driven by the fundamental change in computer technology and the need for an AI infrastructure layer. He argues that the industry needs to be significantly larger to meet this demand, as everything is in short supply not due to cyclical consumer demand, but to this infrastructure build-out. Huang believes the chip industry is nowhere near due for a bust.

• Nvidia CEO Jensen Huang believes the current chip industry boom is different and has room to run.
• The current boom is not demand-driven by consumers but is industrially driven by changing fundamental computer technology.
• A new AI infrastructure layer is needed globally, on top of existing infrastructure like energy and the internet.
• This AI infrastructure layer requires chips, suggesting the semiconductor industry needs to be 5-10 times larger than it is today.
• The industry is experiencing shortages because it’s not cyclical consumer demand but fundamental infrastructure needs.
• Intel reported strong Q2 results with 25% revenue growth, driven by unprecedented demand for compute due to AI.
  Continue reading https://www.axios.com/2026/07/24/nvidia-chips-ai-boom