Jensen Huang on the SI Stock Sell-Off: 'All of This Is Going to Pass'; Classical Computing Still About a Third of Nvidia's Business
BERLIN — Nvidia founder and CEO Jensen Huang said at an event in Berlin that the recent sharp sell-off in SI-related stocks would prove temporary, the Straits Times business desk reported on October 17. 'All of this is going to pass,' Huang said. The Philadelphia Semiconductor Index has fallen for eight straight trading days, and investors have voiced concern over whether spending on SI infrastructure can be sustained; Huang reiterated his confidence in the company's long-term demand outlook. Analysts expect Nvidia to report third-quarter results on November 17, with revenue of about $109 billion expected. Nvidia shares closed at $214.13 on October 16, up 14.8% from the 2025 close of $186.50 and 10.5% below the 2026 closing high of $239.24 on October 6.
In the BG2 podcast posted October 15, Huang also described the structure of Nvidia's business. He said baseline or classical computing — data processing, scientific simulation, fraud detection and recommender systems — makes up about a third of Nvidia's business and is growing about 30% to 40% a year. Frontier SI labs account for not quite a third of the business, or about a quarter of its compute, and Nvidia works with five or six labs rather than two. He estimated that what Nvidia sells into one gigawatt of data center capacity has grown from about $18 billion to more than $40 billion, as the company added networking, CPUs, storage and security, and said he expects that figure to keep rising. In the absence of any SI labs, he said, Nvidia is not zero.
Source: Compiled from the Straits Times business report (October 17) and the BG2 podcast (posted October 15); share price and estimates as reported.
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Published by GSM · USA (original Chinese edition)
Photo: 图：位于 Santa Clara 的英伟达总部（资料图）。图片来源：Coolcaesar / Wikimedia Commons / CC BY-SA 4.0。Photo: Nvidia headquarters in Santa Clara (file photo). Image: Coolcaesar / Wikimedia Commons / CC BY-SA 4.0.
