[Mahler9th]

See also:

https://investorplace.com/hypergrowthinvesting/2025/08/jensen-huangs-4-trillion-vision-why-nvidia-earnings-signal-the-next-ai-rally/

"If you needed more proof, CEO Jensen Huang gave it to you on the company’s conference call.

Therein, he said he expects the world’s largest companies to spend $3- to 4 trillion on AI infrastructure in the next five years and positioned Nvidia to capture as much as 70% of that spend.

Now, let’s pause for a moment. That doesn’t imply just another year or so of strong growth. We are talking about multi-trillion-dollar capital commitments – possibly bigger than the cloud and smartphone build-outs combined. (While this isn’t a simple calculation, Kearney concludes that “The total investment in mobile Internet connectivity infrastructure, averaged over the past five years, is $244 billion annually, including spend on end-user devices.”)

And, of course, those trillions won’t just stop at Nvidia. They’ll filter into the entire AI supply chain: servers, networking, cooling, rare-earth magnets, batteries, robotics, software…"