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Nvidia CEO Says No Chip Bust 'For a While' as Intel Surges 25% on Q2 Beat

2026-07-24 11:12:19

NVDA-1.58%

INTC-2.27%

According to Nvidia CEO Jensen Huang in a recent Axios interview, the current semiconductor boom will not face a downturn "for a while," as the chip shortage is driven by fundamental infrastructure needs rather than consumer demand cycles. Huang argued that the semiconductor industry needs to expand five to 10 times its current size to meet AI infrastructure demands globally. Separately, Intel surged in after-hours trading Thursday after reporting Q2 revenue growth of 25%, the strongest increase in more than fifteen years, with CEO Lip-Bu Tan citing "unprecedented demand for compute" driven by AI.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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