Nvidia specialises in the development of graphics processing units, chips, and application programming interfaces, which are highly trustworthy for its customers.
Published: February 8, 2026 8:08 PM IST
The shares of Nvidia increased by almost 8 per cent as the CEO, Jensen Huang, acknowledged the extreme spending on the infrastructure of artificial intelligence. CEO Huang gave the statement on CNBC’s “Halftime Report”. He also defended the ongoing increase in capital spending being done on the technological front by big tech giants around the world. Reports are suggesting that the comments of the CEO have reassured the investors’ faith in the company.
Why did Nvidia’s stock increase?
As per CNBC, the CEO Jensen Huang mentioned that the capital expenditure by the tech companies on the front of artificial intelligence is a result of demand. He also stated that the companies will keep investing as the technology helps in generating greater revenues in an interview with CNBC.
Huang said, “Anthropic is making great money. Open AI is making great money… If they could have twice as much compute, the revenues would go up four times as much,” to CNBC.
The investors’ trust in the company was regained, and the shares of the company got pushed to almost 8 per cent on Friday.
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Massive spending on AI
CNBC reported that the major customers of the company, which include Meta, Amazon, Google, and Microsoft, have informed their investors about the capital investment in the AI infrastructure.
About Nvidia
Nvidia is a US-based tech giant with headquarters in California. The company specialises in the development of graphics processing units, chips, and application programming interfaces, which are highly trustworthy for its customers.
About CEO Jensen Huang
Nvidia CEO Jensen Huang launched the company back in the year 1993 when he was 30. Since then, he has helped the company to combat financial challenges. This time, his remarks on the AI investment during an interview helped the company to get its shares increased by 8 per cent.
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