Jensen Huang cites Gemini 4 launch in demand outlook for AI compute
Jensen Huang dismisses neocloud financing worries, pointing to strong demand across OpenAI, Anthropic, Meta, Grok and the just-released Gemini 4 as AI hits an inflection point.
$NVDA CEO Jensen Huang Is Not Concerned About Neocloud Financing Gavin Baker "An open-source model, DeepSeek, said that they are monetizing at $38 per GPU hour. Last time I checked, I haven't heard anybody renting GPUs anywhere near that high. So maybe this explains Blackwell prices being up 17 days in a row." "How do you think about the intersection of what is clearly extraordinary demand with supply from a capital perspective?" Jensen Huang "Well, you know, the single problem that nothing can solve is demand. The fact that there's so much demand across the world, I mean, this isn't just from one model. We're talking about OpenAI's got incredible demand, Anthropic has got incredible demand, Meta's got incredible demand, you've got Grok with incredible demand, Gemini 4 just coming out. You just mentioned DeepSeek, Moonshot's models have got great demand, GLM's models have got great demand. And so you've got all these different models, closed models, open models. The demand is just extraordinary. And we're really going into the inflection point of useful AI as we speak. More people are using it, they're using it to do more useful things, and that's the reason why token demand is so high. I think all of the other stuff is going to get resolved. Without demand, nothing is resolvable with demand, everything will be resolvable." Interviewer "Demand can be incredibly high, and usefulness can be going up, but if the financing is ill-timed, and you've heard people like Dario Amodei, Satya Nadella, and others talk about this, that can sort of trump everything else. How much are you thinking about the macro environment?" Jensen Huang "We have to make it easier for people to finance these build-outs. And one of the areas that we have a real advantage in is what you and I were just talking about, the fungibility and the durability of the asset. You could use the asset to underwrite the loan. And so the fact of the matter is, the residual value of Nvidia's compute is really, really high."