Despite Nvidia’s skyrocketing market cap, which is now approaching $5 trillion, founder and CEO Jensen Huang has categorically dismissed concerns about a financial bubble in the AI industry. During the fall GTC 2025 conference in Washington, D.C., Huang was quick to assure investors that the company’s prospects for prosperity are solid and based on real demand.
Huang’s main argument is rooted in the incredible interest in the next generations of computing accelerators. He boldly predicts that the Blackwell and Vera Rubin families of chips will generate a whopping $500 billion in revenue for Nvidia next year alone. This unprecedented level of visibility into future revenue for a technology company is the foundation on which he builds his defense against pessimistic forecasts of a market contraction.
But absent from this bold forecast is one key market – China. Huang has long excluded the Asian giant from his expectations due to geopolitical uncertainty. In a direct message to analysts, Nvidia’s CEO reiterated that the company’s market share in China for high-end chips has reached zero percent as a result of U.S. export restrictions.
Nvidia’s ambitions in terms of sales volume are clear and unambiguous. The company expects to ship an impressive 20 million of its latest chips next year, although it did not specify whether that number includes Vera Rubin, which will begin shipping in limited quantities. By comparison, the previous generation Hopper has sold approximately 4 million units since its launch, underscoring the expected surge in demand.
"I don't believe we're in an AI bubble," Huang said, explaining that the constant creation and use of various AI models is now an integral part of business and user experience. In his opinion, customers are happy to pay for these services, which refutes the idea of unjustified financial inflation.
The reassuring signals for the market don't end there. On the sidelines of GTC 2025, Nvidia announced partnerships with key customers worth tens of billions of dollars. This dynamic of deals and strong orders *further strengthens confidence and should reassure all those who predict a collapse of the industry due to fears of a financial bubble bursting. The future, at least according to Nvidia, is bright green.