Nvidia boss defends AI against claims of bubble by 'Big Short' investor

Core Viewpoint - The AI sector is not close to a collapse similar to the 2008 financial crisis, according to Nvidia's CEO Jensen Huang, who emphasizes that the industry is in the early stages of development and infrastructure build-out [1][3][4]. Company Insights - Nvidia is recognized as the largest producer of specialized computer chips essential for training and utilizing AI models [9]. - The company has experienced significant returns from AI investments, prompting further expansion in this area [3]. - Huang noted that improved AI training has resulted in more profitable and useful outputs, which drives the demand for increased infrastructure [3][4]. Market Context - Investor Michael Burry has recently bet against Nvidia, suggesting a bubble in the AI sector, which has raised concerns among market observers [2][7]. - A significant decline of approximately $500 billion in technology stocks was reported, indicating volatility in the sector [2]. - The UK government is investing heavily in AI, aiming to leverage it for cost savings and economic growth through infrastructure development [6].