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When Nvidia (NVDA) CEO Jensen Huang makes a big prediction, you would be hard-pressed to see him pull back on it at a later date. Especially when it looks to be dead-on accurate.
Huang reiterated his expectation that the size of the AI market will reach $3 trillion to $4 trillion by 2030 during a talk at the Goldman Sachs Communacopia & Tech conference on Thursday. It was exactly one year ago that he made the initial prediction at the same event.
"The semiconductor industry is going to just keep getting larger and larger, which is what we're seeing now [with] these two fundamental ideas, that we have a new layer of computing with a new application and the end of Moore's law," Huang said. "Meanwhile, people are expecting these AI models to be smarter and smarter because they don't like wrong answers. Then the compounded result of that should result in a very large industry."
Nvidia's latest earnings report underscores where Huang sees everything headed.