NVIDIA Corporation (NVDA.US) stock reaches all-time high, CEO Jensen Huang dismisses concerns of an AI bubble.

NVIDIA Corporation (NVDA.US) CEO Jensen Huang said on Tuesday at the GTC conference in Washington, D.C. that the company is building seven new supercomputers for U.S. Energy Corp. and disclosed that the backlog of orders for the Blackwell and Rubin series of chips for the next five quarters has reached $500 billion. At the same time, he rare responded positively to market doubts about the "AI bubble," stating that the AI industry has reached a turning point where customers are willing to pay real cash for models, and the commercial returns on expensive computing infrastructure have appeared, forming a "positive cycle." Huang stated that the conference showcased collaborations between NVIDIA Corporation and companies like Uber Technologies, Inc. (UBER.US), Palantir (PLTR.US), and CrowdStrike (CRWD.US) in commercializing AI products, signaling a shift from research validation to large-scale commercial deployment of AI. In addition, the company announced a new network system connecting quantum computers and AI chips, indicating a new stage of integration between traditional computing and AI computing. "We are at a turning point in a virtuous cycle, this is truly extraordinary," he told thousands of participants at the conference center near the White House. The seven supercomputers being built by NVIDIA Corporation for U.S. Energy Corp. will be used in part for nuclear arsenal maintenance and research on nuclear fusion energy. The largest-scale project will involve a collaboration with Oracle Corporation (ORCL.US) and will use 100,000 Blackwell chips. Huang specifically thanked the Trump administration for its policy direction endorsing energy and advanced manufacturing as "national strengths," stating that it "changed the rules of the game." On the stock price front, NVIDIA Corporation closed up nearly 5% on Tuesday, breaking through $200 for the first time and reaching a historic high of $203.15 during trading. The company also announced a $1 billion investment in Nokia Oyj Sponsored ADR (NOK.US) to acquire a 2.9% stake, launching the Arc product line to improve AI efficiency on the 6G base station side. D.A. Davidson analysts said that these announcements show that NVIDIA Corporation is extending its influence into new markets beyond data centers, although the scale is not yet on par with the capital expenditures of mega-scale cloud providers like Microsoft Corporation (MSFT.US), Amazon.com, Inc. (AMZN.US), Alphabet Inc. Class C (GOOG.US, GOOGL.US), and Meta (META.US), but it has the potential to create future growth.