- Nvidia CFO Colette Kress said customer forecasts point to growth doubling in fiscal 2028, but the company expects approximately 70% growth because it is supply-constrained.
- Nvidia CEO Jensen Huang said the compute required for agentic AI is extraordinary, with AI agents using 15 to 100 times as much compute as human-guided work.
- S&P Global forecast tech companies will spend an estimated $1.3 trillion on AI next year.
- NVDA shares ran a six-day winning streak into Wednesday as industry and political leaders gathered in Washington for a meeting with China's Xi Jinping, with CEO Jensen Huang facing a key event Thursday.
- Micron Technology's memory chips face demand far outpacing supply, pushing memory prices higher and creating global supply constraints.
Quotes
“Incredibly, we are seeing demand acceleration even at our scale. Customer forecasts point to our growth doubling next year. However, as I mentioned earlier, we expect to grow approximately 70% as we are supply-constrained.”
“Today, the vast majority of AI is prompted by people. I believe that this last month, it has crossed. Most AI are now agentic. But in the future, every company will have a whole bunch of agents.”