Nvidia CEO Jensen Huang Calls AI A 'Miracle,' Say It 'Can't Do 100% Of Our Jobs'

In a recent interview, NVIDIA Corporation NVDA CEO Jensen Huang shared his thoughts on the company's focus on supply as demand remains "incredible," a development that was a big topic in the company's recent financial results.

What Happened: Although Nvidia stock has dipped since its third-quarter results, analysts remain unfazed, pointing to surging demand for Blackwell chips.

During an appearance on Fox Business Network's "The Claman Countdown," Huang was asked about the problem many CEOs would love to have of demand being greater than supply.

"Hopper and Blackwell are two just magnificent computing systems," Huang said.

Huang said demand is strong for data centers to get their hands on Blackwell chips.

"We're going to go from zero billion dollars of Blackwell to many billions of dollars of Blackwell. And so, it's going to be an incredible thing. But the demand is just incredible."

During the interview, Huang was asked about the large number of customers and big-name customers who have placed orders and the process for determining which customers get their Blackwell chips first.

"We try to be fair with everyone so that they can all get their AI infrastructure up and running. We also make sure that their infrastructure is ready. And so, between us and them, there's no sense shipping computers if the data center and the power and the readiness of the system is not there," Huang said.

Huang highlighted Alphabet, Dell and CoreWeave as companies who have expressed their optimism. "Everybody's really proud of the system they've stood up and we're all just racing to get there."

Huang said Nvidia does pricing "based on the value delivered."

"In a lot of ways, it's kind of like generating electricity in the last industrial revolution, and there are all this machinery, these large machinery called A.C. generators, and they produce electricity. We're now producing this miracle called artificial intelligence."

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What's Next: Huang said the company is "in good shape" and confident in its Blackwell production ramp.

"Our demand is greater than our supply. And so, we need to get more out," Huang said.

Huang said Nvidia is working with thousands of AI native companies and it's hard to have infrastructure available for all of them.

"We're working super hard to get there as fast as we can, which is the reason why we're ramping Blackwell so hard."

Nvidia's success comes largely in the United States, Huang added. The CEO sees an opportunity to continue to expand to other countries.

"Over time and very quickly, whether it's in the west or in the east, we're going to see just about every single country jumping onto this A.I. revolution, this age of A.I."

Huang brushed off concerns that AI will take over the world and take all the jobs.

"AI can do a lot of tasks, but they can't do 100% of our jobs. That's the big idea."

Huang said AI is going to revolutionize and transform jobs and it's important that people learn how to use AI.

"What is very likely is that AI will do 20, 30, 40% of 100% of the jobs in the world."

NVDA Price Action: Nvidia stock is down 3% to $142.10 on Friday versus a 52-week trading range of $45.01 to $152.89. Nvidia stock is up 195% year-to-date, but has fallen 1% over the last month.

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