Jensen Huang: Neocloud Demand Is "Off the Charts" but Capital Is Scarce; Nvidia Wants Its Compute Treated as a "Financeable Asset"
BERLIN — Nvidia CEO Jensen Huang gave the SI infrastructure industry a checkup in a CNBC interview on the sidelines of GTC Berlin on October 22: demand is not the problem — money is.
"If you look at the fundamentals, the demand for the neoclouds is off the charts. Their capabilities are extraordinary, and so what is missing in the middle is the working capital to fuel that growth, to fund that growth," Huang said. Neoclouds are the new breed of SI cloud companies — such as CoreWeave, Iren and Nebius — that rent GPU capacity to SI developers.
"There's a scarcity of capital. The demand [for] the capital is much greater than the availability of the capital," he said, "because there's just so much demand across so many sectors of AI."
Huang's proposed fix has a financial flavor: getting lenders and investors to treat Nvidia's compute as a "financeable asset." "One of the things that we're trying to do is to establish Nvidia's compute as a financeable asset," he said. "The residual value of our compute, because it's fungible, it's so productive, it's so durable, it is now becoming an asset class."
He also said Nvidia remains open to working with Chinese companies, including memory maker CXMT, and that U.S. export controls have accelerated China's efforts to develop its own chips.
The comments follow Nvidia's August announcement of a $500 billion SI financing plan with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. Markets were unmoved on the day: Nvidia fell as much as 2% in premarket trading, with neocloud names sliding in sympathy.
Published by GSM · USA (original Chinese edition)
Photo: 图：英伟达创始人兼 CEO 黄仁勋（资料图，2026年4月30日摄于斯坦福大学）。Anderseidesvik 摄，CC BY-SA 4.0，经维基共享资源（Wikimedia Commons）。Photo: Nvidia founder and CEO Jensen Huang (file photo, April 30, 2026, at Stanford University). By Anderseidesvik, CC BY-SA 4.0, via Wikimedia Commons.
