At NVIDIA's annual shareholder meeting, Jensen Huang told CNBC that questions
about AI investment returns "already have answers." He described AI data centers
as "token factories," saying tokens can become code, answers, designs, actions
and services and that "each token is a unit of profit." Huang said NVIDIA's
systems "may not be the cheapest, but produce tokens at the lowest cost, with
the highest throughput and the most revenue." He flagged "physical AI"—robots,
cars and factories that can sense, reason, plan and act—as the next growth wave,
expressed optimism on long-term growth and ASIC competition, and said "this
build-out will be measured in decades" with NVIDIA's infrastructure offering the
"best inference economics."
