Overview
- At Davos, Jensen Huang cast AI as the largest infrastructure buildout in history, while Goldman now pegs 2026 hyperscaler capex near $527 billion.
- Huang confirmed Nvidia has overtaken Apple as TSMC’s biggest client, with reports estimating Nvidia contributes about 13% of the foundry’s revenue.
- Nvidia CFO Colette Kress said the previously disclosed $500 billion multi‑year order book has increased, with next‑gen Rubin entering production ahead of a 2026 ramp.
- The company is broadening its ecosystem with a reported $150 million investment in inference startup Baseten and a $20 billion Groq licensing and hiring deal, alongside new partnerships.
- Competitive and geopolitical pressures are building, as Google/Broadcom TPUs close cost‑per‑compute gaps and reports describe H200 shipments facing Chinese customs holds that keep China revenue visibility uncertain.