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Jensen Huang says he’s found a ‘brand new’ $200B market for Nvidia

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Nvidia founder and CEO Jensen Huang is, perhaps, one of the greatest corporate hype men of all time when it comes to his company. He may even surpass Salesforce’s Marc Benioff when it comes to relentless optimism in his company’s future and revenues.

Even so, he delivers on the hype, quarter after quarter.

Instead of cautioning you to view the proclamation that he’s found a “brand new $200 billion TAM for Nvidia” with skepticism, I’d argue he’s earned a bit of trust.

Huang positioned this massive new market at the feet of Nvidia’s new CPU product, Vera, which was introduced in March. Speaking on Wednesday’s earnings call — after Nvidia posted another record-breaking quarter with $81.6 billion in revenue and forecast $91 billion for the next — Huang pitched Vera as a potentially transformative product. And one that already has promising sales figures.

But no matter how well Nvidia delivers, Wall Street harbors anxiety over what will knock Nvidia from its perch.

Lately, such fears have centered on the CPU. Nvidia is the king of the GPU, whereas historically the CPU markets were owned by companies like Intel and AMD. (Nvidia has made CPUs previously, of course, but that’s not its core business.)

For example, last month Amazon Web Services crowed about a giant contract it signed with Meta for millions of Amazon’s homegrown AI CPUs. Amazon CEO Andy Jassy has been clear that he thinks AWS can do AI chips, both GPUs and CPUs, at least as well, and possibly better than Nvidia.

But now, with the Vera CPU, which is sold alone and bundled with its Rubin GPU, Huang believes he’s unlocked “a major new growth driver” for his company because Vera is, he believes, “the world’s first CPU, purpose-built for agentic AI,” Huang said on the call.

“Vera opens a brand new $200 billion TAM for Nvidia, a market we have never addressed before, and every major hyperscaler and system maker is partnering with us to deploy it. The world is rebuilding computing for agentic AI and robotic physical AI. Nvidia sits at the center of these transitions,” hype man Huang said.

He explained that while the “thinking” part of an AI model uses GPUs, agents mostly run on CPUs. They use CPUs to do their assigned tasks and will, he predicts, run their own form of CPU-driven PCs.

Vera is for agents because it’s specifically designed to process tokens as fast as possible. This is opposed to classic cloud architecture CPUs designed with “cores,” or the ability to run multiple instances of apps as fast as possible.

That sounds logical, but with the major cloud providers as well as startups pursuing AI chip development, what makes him think that Nvidia will be the go-to source for agentic CPUs?

Because, Huang says, Nvidia has already sold $20 billion worth of standalone Vera CPUs this year and we’re only at the beginning.

“The world has a billion users, human users. My sense is that the world is going to have billions of agents, not today. I mean, we’re going to grow into it, but we’ll have billions of agents, and those billions of agents will all use tools. And those tools are going to be like PCs, just like us humans using using PCs today,” he said.

“We’re going to need a lot more CPUs,” he explained.

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NiMet ​‌⁠​‍‍⁠⁠‌‍​‍‍‍​‌​‌​forecasts three-day cloudiness, sunshine nationwide from Monday 

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The Nigerian Meteorological Agency (NiMet) has predicted cloudy and sunny weather conditions across the country from Monday to Wednesday.

NiMet’s weather outlook released in Abuja on Sunday forecast sunny skies with patches of clouds over the northern region on Monday.

The agency predicted thunderstorms accompanied by moderate rains over parts of Taraba, Adamawa and Kaduna states during the morning hours.

It also forecast thunderstorms with moderate rains over parts of Borno, Bauchi, Gombe, Jigawa, Katsina, Kano, Kaduna, Adamawa and Taraba states in the afternoon or evening.

For the North-Central region, NiMet predicted thunderstorms accompanied by moderate rains over parts of Plateau, Niger, Nasarawa and the Federal Capital Territory during the morning hours.

It forecast thunderstorms with moderate rains over parts of Kogi, Benue, Plateau, Niger, Nasarawa states and the FCT later in the day.

According to NiMet, moderate rains are expected over parts of Ondo, Ogun, Cross River, Akwa Ibom, Rivers, Lagos and Bayelsa states in the morning.

It forecast moderate rains across the entire southern region later in the day.

For Tuesday, NiMet predicted thunderstorms accompanied by moderate rains over parts of Zamfara, Sokoto, Kebbi, Adamawa and Taraba states in the northern region during the morning hours.

The agency forecast thunderstorms with moderate rains over parts of Borno, Jigawa, Yobe, Bauchi, Gombe, Kano, Katsina, Kaduna, Taraba and Adamawa states later in the day.

He stated, “For the North-Central region, thunderstorms accompanied by moderate rains are expected over parts of Niger, Kwara states and the Federal Capital Territory in the morning hours.

“Later during the afternoon or evening hours, thunderstorms with moderate rains are anticipated across the region.”

For the southern region, NiMet forecast light rains over parts of Cross River, Delta, Bayelsa, Akwa Ibom, Lagos and Rivers states during the morning hours.

It anticipated thunderstorms with moderate rains across the entire region later in the day.

The agency predicted partly cloudy skies over the northern region on Wednesday, with chances of thunderstorms accompanied by light rains over parts of Bauchi, Jigawa and Yobe states during the morning hours.

It forecast thunderstorms with moderate rains across the region during the afternoon and evening hours.

NiMet also predicted sunny skies with patches of clouds over the North Central region during the morning hours.

“Thunderstorms with moderate rains are expected over the entire region later in the day. For the southern region, a cloudy atmosphere is expected over the region, with prospects of light rains over parts of Edo, Cross River, Delta, Bayelsa, Akwa Ibom and Rivers states during the morning hours,” it said.

NiMet anticipated thunderstorms with moderate rains over the entire region later in the day.

The agency urged the public to take adequate precautions and fasten loose objects to prevent collisions, as strong winds might precede rains in areas where thunderstorms are likely to occur.

It warned that continuous rains expected over coastal areas of the South could trigger flash floods.

“Drivers should avoid driving or wading through flood waters. Driving under heavy rain should be avoided.

“Disconnect electrical appliances from electrical sockets. Stay away from tall trees to avoid impact from falling branches and broken trees,” it advised.

NiMet advised airline operators to obtain airport specific weather reports from the agency for effective planning of their operations.

It also urged citizens to stay informed through its weather updates and visit its website, www.nimet.gov.ng, for more information.

(NAN)

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Tobi Amusan Wins 100m Hurdles at Grand Prix Brescia

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Nigerian sprint hurdler Tobi Amusan continued her impressive campaign with victory in the women’s 100m hurdles at the Grand Prix Brescia in Italy.

Sports247 reports that Amusan clocked 12.56 seconds to take the top spot despite competing into a stiff -1.7m/s headwind, producing a strong performance under challenging conditions.

The Nigerian was pushed by American hurdler Alaysha Johnson, who finished second in 12.62 seconds, while Jamaica’s Ackera Nugent completed the podium after crossing the line in 12.75 seconds.

Amusan’s winning performance underlines her consistency and competitive strength in an event where margins are often decided by hundredths of a second. Her 12.56s was six hundredths faster than Johnson and 19 hundredths ahead of Nugent.

The adverse wind conditions made the achievement even more notable, with the -1.7m/s headwind presenting an additional challenge for all three athletes.

For Amusan, the Brescia victory provides another valuable competitive outing as she continues to build momentum in the 100m hurdles.

The Nigerian has established herself among the world’s leading hurdlers, and performances such as this further reinforce her status as one of Africa’s premier track and field athletes.

Johnson’s 12.62s earned her a strong second-place finish, while Nugent’s 12.75s secured third as the leading trio separated themselves from the rest of the field.

With the season progressing, Amusan’s ability to produce a 12.56s winning time against a significant headwind will provide encouragement ahead of her next assignments.

The victory also adds another international success to the Nigerian star’s résumé, keeping her firmly in the spotlight as the global women’s hurdles season gathers pace.

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