Yahoo Finance
21 Oct 2026, 13:00 UTC · 1h ago
Jensen Huang: Nobody manufactures AI researchers like China does
Impact · against what's priced in
Jensen Huang's comments on China's scale in AI talent and chip manufacturing introduce a new risk vector for long-term market share, though his confidence in US technical superiority aligns with current valuations. Because the market is already discounting the most optimistic revenue projections for Blackwell and Rubin, this competitive warning slightly increases the risk that those projections will remain unfulfilled.
- NVDA−0.20
Challenges what's priced in
- The price assumes
Sustained AI data center revenue growth above the 19% CAGR the price requires
While the price assumes a 19% CAGR, Huang's warning of 'very, very serious competition' from China's scale in chips and researchers suggests a higher probability that the market will continue to decline the $1 trillion Blackwell/Rubin revenue projection.
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