Jensen Huang Tells Investors, "The AI Boom Is Still Far From Over"

[Financial News] NVIDIA CEO Jensen Huang sought to reassure investors, saying there are no signs that the artificial intelligence (AI) boom among large cloud companies known as hyperscalers is coming to an end.
On the 2nd (local time), market-focused media outlet Barchart reported that Huang dismissed concerns from some investors that massive data-center investments by big tech companies such as Microsoft, Amazon, and Alphabet would eventually peak and slow NVIDIA's growth, saying, "The boom is only beginning."
During an earnings call, Huang said demand for building AI computing systems is accelerating across companies, governments, startups, and hyperscalers. "AI has already passed its inflection point. Computing power is now revenue in and of itself," he said.
He also emphasized that the construction of AI infrastructure is accelerating and that the next-generation platform, Vera Rubin, was designed for this purpose.
NVIDIA has joined forces with six global financial institutions—Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR—to expand AI infrastructure. The company has built a private financing platform to attract more than $500 billion (approximately 684 trillion won) in private capital for AI computing infrastructure.
This is expected to address the funding bottleneck, the biggest obstacle to data-center construction. It also shows that NVIDIA has established itself as the central player in the entire AI infrastructure ecosystem, moving beyond its role as a simple GPU seller.
Huang said revenue for the second quarter of fiscal 2027 (April–June) was $96.2 billion (approximately 132 trillion won), up 106% from a year earlier and 18% from the previous quarter.
During the period, data-center revenue rose 117% to $89 billion, accounting for approximately 92% of total revenue.
Adjusted (non-GAAP) earnings per share (EPS) came to $2.22, exceeding Wall Street's expectation of $2.09.
Wall Street's response was also enthusiastic. Analysts said a "strong buy" rating was dominant and estimated that the average price target of approximately $324 represented about 49% upside from the current share price. Barchart reported that the highest price target was set at $515.

[email protected] Yoon Jae-jun Reporter