NVIDIA Conference: Huang Sees Agentic AI Inflection, Cites $1T+ Blackwell-Rubin Demand Through 2027

• Agentic AI: Jensen Huang said NVIDIA is entering a third major inflection—“agentic” systems that treat computing as “token manufacturing,” making token output (tokens/sec and tokens/sec/watt) the central metric for customer economics and prompting an “OpenClaw” OS strategy for personal AI computers.

• $1 trillion+ demand visibility: NVIDIA now has strong confidence in more than $1 trillion of demand, forecasts and purchase orders for Blackwell and Rubin through 2027, a figure NVIDIA expects to grow and which explicitly excludes Rubin Ultra, Feynman, Vera standalone CPUs, and Groq.

• Product timing and upside: Vera Rubin is in production, Groq is expected to ship in Q3, and NVIDIA said adding Groq to ~25% of workloads could raise compute spend by roughly 25%; after meeting near-term commitments the company plans buybacks and dividends at about 50% of free cash flow.

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NVIDIA (NASDAQ:NVDA) executives used a question-and-answer session at the company’s event to expand on themes from the prior day’s presentation, with CEO Jensen Huang emphasizing what he described as a third major inflection point in AI: agentic systems. Huang argued that agentic AI—systems that can be given goals and can autonomously perform tasks—changes how customers should think about computing, moving from computers as tools to computers as “manufacturing equipment” that…