Jensen Huang is using Nvidia’s Berlin stage to do more than hype chips: he is trying to keep investors convinced that AI demand still has years of runway even as the stock has pulled back from its recent highs and slipped below its 50-day moving average.
Nvidia Berlin Event Highlights AI Demand Outlook
That matters because Nvidia sits at the center of the market’s AI trade. Huang’s message that artificial intelligence will trigger a new industrial revolution, and that “every company will become an AI company,” underpins the spending plans of hyperscalers, chip buyers and software firms that have driven the sector higher. If that capex cycle stays intact, it supports not only Nvidia’s growth but also the broader tech complex and the data-center buildout across the US, Europe and Asia.
Sentiment Indicators
Huang used the company’s developer conference to unveil fresh products aimed at speeding up data-center construction and operating AI systems more securely, including a new modular setup for data centers and a software architecture he said could become a reference model for controlled deployment. Nvidia also highlighted partnerships meant to push AI into the real economy, including work with Siemens Healthineers on AI-assisted cancer treatment.
The pitch lands at a sensitive moment for markets. Nvidia shares closed at $213.66 on Thursday, below the 50-day moving average of $221.92, with the RSI at 34.7 and the MACD still below its signal line, a setup that points to weakening short-term momentum after a strong run earlier in the year. Even so, the stock remains well above its 200-day average of $203.98, showing investors have not abandoned the long-term story.
The company’s stock has also become a barometer for the entire AI theme. Adalytica’s Nvidia earnings sentiment gauge shows “Extreme Greed” at 100, even as its awareness score remains in “Extreme Fear,” reflecting how heavily the market is focused on the name and how much scrutiny surrounds the trade. Separate AI sentiment readings in the same system have swung sharply lower this week, underscoring how quickly enthusiasm can fade if earnings or guidance disappoint.
Huang’s Berlin appearance also served a softer purpose: turning himself into part of the product. Fans lined up for branded merchandise, including a Jensen Huang sweater priced at 190 euros, while the Nvidia chief mixed serious policy messaging with a near-celebrity presence that drew selfies, social-media posts and even a Greenpeace protest over energy use and the company’s chips appearing in Russian drones.
For investors, the key question now is whether the AI boom Huang is selling can keep translating into orders, margins and earnings growth. The next test will come from upcoming results across big tech and AI infrastructure names, which will show whether spending remains broad enough to justify Nvidia’s premium valuation and whether the market’s latest wobble is just a pause or the start of a deeper reset.
| Entity | Gains | Losses |
|---|---|---|
| Nvidia | ▲Stronger AI demand narrative | ▼Doubts over valuation and energy use |
| Jensen Huang | ▲Brand power and investor attention | ▼Scrutiny over geopolitics and hype |
| AI infrastructure buyers | ▲More product options and faster deployment | ▼Higher capex commitments |
| Skeptical investors | ▲Lower entry points if shares cool | ▼Near-term momentum in the AI trade |
