Bloomberg Intelligence Instant Reaction: Nvidia Gives Strong Forecast, Countering Fears of AI Bubble
Nov 19, 2025
Ed Ludlow, a Bloomberg Tech co-host, interviews NVIDIA's CEO about the company's impressive revenue forecast of $65 billion, challenging AI bubble fears. Jay Goldberg, a semiconductor analyst, discusses the implications of GPU lifecycles and economic pressures. Sarah Frier offers insights into Silicon Valley's optimistic view on AI spending and the potential for innovation amidst concern over market sustainability. The conversation navigates the complexities of demand, supply constraints, and the balance between hype and real technological advancement.
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Strong Nvidia Outlook Counters Bubble Fears
- Nvidia's Q4 outlook of ~$65B beat consensus and signals sustained demand for AI accelerators.
- The forecast helps counter worries that AI infrastructure spending is already fizzling out.
Event Slides Aren't Formal Guidance
- Jensen Huang's $500 billion Blackwell demand figure was a slide-level claim, not formal guidance.
- Investors must translate event remarks into company guidance carefully rather than treat them as official forecasts.
Circular Financing Clouds True Demand
- Circular financing (Nvidia investing in customers) raises questions about whether some demand is self-reinforcing.
- Nvidia says investments don't mandate customers buy its chips, but deals like Anthropic complicate that claim.
