Jensen Huang joins ‘The Claman Countdown’ to discuss the impact of artificial intelligence and the reinvention of computing.
Nvidia CEO Jensen Huang said Wednesday that the chipmaker is heading for a “crazy good” fourth quarter, underscoring its dominance at the heart of the global artificial intelligence boom.
“Next quarter we’re heading into a much bigger quarter,” Huang said. “And so the guidance that we’ve provided is insanely good — I agree with that. But we’re at the beginning of a very long-term buildout of the fundamental infrastructure of humanity, which is computing.”
Huang added that the California-based company is leading a transformation in the computing world.
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Nvidia founder and CEO Jensen Huang looks on as US President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on November 19, 2025. (BRENDAN SMIALOWSKI/AFP via Getty Images/Getty Images)
“For the first time in 60, 70 years, we’ve reinvented the computer,” he said. “And so all the computers installed around the world are being modernized to accelerated computing and video GPUs and to artificial intelligence. And so this buildout will last us for many years to come.”
Earlier Wednesday, Huang shrugged off concerns about an AI bubble as the company surprised Wall Street with accelerating growth after several quarters of slowing sales.
The chipmaker’s stellar third-quarter results and fourth-quarter guidance calmed investor nerves, at least temporarily, over concerns that the AI boom has outpaced fundamentals.
Global markets have been looking to the chip designer to determine whether investing billions of dollars in expanding AI infrastructure has created an AI bubble.
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Elon Musk, CEO of Tesla Inc., left, and Jensen Huang, CEO of Nvidia Corp., during the U.S.-Saudi Investment Forum at the Kennedy Center in Washington, DC, on November 19, 2025. (Stefani Reynolds/Bloomberg via Getty Images/Getty Images)
“There has been a lot of talk about an AI bubble. From our point of view, we see something very different,” Huang said on a call with analysts, where he praised how many cloud companies wanted Nvidia chips.
“We’re in every cloud. The reason developers love us is because we’re literally everywhere,” he said. “We’re everywhere, from cloud to on-premise to robotic systems, edge devices, PCs, you name it. One architecture. Things just work. It’s incredible.”
He reiterated last month’s forecast that the company had $500 billion in bookings for its advanced chips through 2026.
AI Market shares rose 5% in extended trading, helping the company add $220 billion in market value.
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The Nvidia logo is displayed on a phone screen in this illustration photo taken in Krakow, Poland on July 19, 2023. (Getty Images / Getty Images)
Ahead of the results, doubts had sent Nvidia shares down nearly 8% in November after rising 1,200% in the past three years.
The broader market is down almost 3% this month.
Following the results, futures on the S&P 500 rose 1%, indicating traders expect the U.S. stock market to open sharply higher on Thursday.
The world’s most valuable company said it expects fiscal fourth-quarter revenue of $65 billion, plus or minus 2%, compared with the average analyst estimate of $61.66 billion, according to data compiled by LSEG.
It forecast adjusted gross margins of 75% for the period, plus or minus 50 basis points, and Nvidia’s finance boss Colette Kress said the company plans to keep gross margins around 70% in fiscal 2027.
Nvidia’s third-quarter revenue rose 62%, the first acceleration in seven quarters. Revenue in the data center segment, which accounts for the bulk of Nvidia’s revenue, grew to $51.2 billion in the quarter ended Oct. 26. Analysts expected revenue of $48.62 billion.
Nvidia’s fortunes sent shares of rival AMD soaring, as well as those of tech giants like Alphabet and Microsoft.
The chipmaker, seen as the poster child for artificial intelligence, is heavily represented in approximately 673 different ETFs, according to Seeking Alpha.
Funds with a high concentration, between 21% and 27% of the tech giant, include VanEck Semiconductor, Strive US semiconductor ETF and Grizzle Growth ETF.
As for the broader S&P 500, Nvidia is the largest stock in the benchmark, according to the S&P 500 Dow Jones Indices. So funds that track the S&P 500 should reflect it.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SMH | VANECK SEMICONDUCTOR ETF | 339.44 | +6.15 |
+1.85% |
| SCHOC | STRIVE US SEMICONDUCTOR ETF | 65.35 | +1.63 |
+2.56% |
| DARP | TIDAL TRUST II GRIZZLE GROWTH ETF | 43.06 | +0.68 |
+1.61% |
| QQQ | INVESCO QQQ TRUST – USD DIS | 599.87 | +3.56 |
+0.60% |
| SPY | SPDR S&P 500 ETF TRUST – USD DIS | 662.72 | +2.53 |
+0.38% |
| VOO | VANGUARD S&P 500 ETF – USD DIS | 609.35 | +2.36 |
+0.39% |
As such, a handful of the largest ETFs by size consider Nvidia a top holding, including Invesco’s QQQ at 10%, SPDR S&P 500 ETF and Vanguard’s S&P 500 ETF, both at 8%.
Nvidia shares are up 35% this year, surpassing the S&P 500’s 13% gain.
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Reuters contributed to this report.
