Nvidia CEO Jensen Huang on why he doesn't see an AI bubble bursting anytime soon, says 'this time it's different'

Nvidia CEO Jensen Huang recently said that he does not believe AI boom will end anytime soon, arguing that the current wave of spending is driven by a major shift in computing infrastructure rather than hype. Speaking in an interview with Axios co-founder Mike Allen, Jensen Huang said the AI industry is still in its early stages and demand for AI chips is backed by the need to build a new generation of computing systems. He said the semiconductor industry is not facing the kind of demand cycle that has led to previous boom-and-bust periods.