"AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionise the largest industries," he said.
Derren Nathan, head of equity research at Hargreaves Lansdown, said of the report: "The longer-term investment case for the driver of the AI train is looking difficult to pick holes in, with Meta's $200bn just one of the latest mega investments in data centres to be unveiled recently.
"Demand for Blackwell is amazing as reasoning AI adds another scaling law - increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter.
Market analysts suggested demand from Microsoft, Amazon and other heavyweight tech companies racing to buildAI infrastructure remained robust, given Nvidia's revenue guidance even though the bulk of it is accounted for through data centres.
Nvidia founder Jensen Huang said Nvidia has ramped up the massive-scale production of Blackwell and achieved "billions of dollars in sales in its first quarter".
