Nvidia CEO Jensen Huang says neocloud demand is ‘off the charts’

Nvidia CEO Jensen Huang told CNBC Thursday that demand for neocloud firms is “off the charts,” but scarce capital is holding back growth.

“If you look at the fundamentals, the demand for the neo clouds is off the charts,” Huang told CNBC’s Arjun Kharpal on the sidelines of the company’s GTC conference in Berlin on Thursday, adding that capabilities are “extraordinary.”

“What is missing in the middle is the working capital to fuel that growth… because there’s just so much demand across so many sectors of AI, there’s a scarcity of capital,” Huang said.

“The demand of the capital is much greater than the availability of the capital. That’s going to get solved,” he added.

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