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Jensen Huang: Chinese open-source AI models like DeepSeek and Kimi drive demand for NVIDIA hardware and data center infrastructure globally
Jensen Huang· NVIDIA· AI· 2026-07-23· about NVIDIA (NVDA)
“whenever there's more use, you'll have to sell a lot more Nvidia computers, we'll have to build more data centers, we'll have more services, the technology will diffuse into more industries”
Why it matters
Huang explicitly links Chinese competitive AI models to increased NVIDIA hardware sales and data center buildout, suggesting competitive pressure paradoxically accelerates capex cycles rather than dampening them.
Investment implication
NVIDIA's GPU demand is resilient to Chinese open-source competition because improved models increase total use cases and infrastructure requirements. This supports continued elevated capex for data center operators and GPU demand.