Here are the key points I've extracted from Jensen Huang's interview yesterday, which caused NVIDIA to surge 7%:

1. Every GPU I sell is being used 100%, and even 6-year-old products are still seeing price increases.

2. We are in the early to middle stages of the largest infrastructure buildout in human history, and it will continue for another 7-8 years.

3. Software is transitioning from a tool to an agent, representing the biggest opportunity in history.

4. There's no friction in the collaboration with OpenAI (though facial expressions seemed to suggest otherwise).

5. The US must win the AI race.

6. Plumbers and electricians will do well in the future; you won't lose to AI, but you might lose to people who use AI.

7. xAI and OpenAI will go public within the next 12–18 months (as interjected by Brad Gerstner).

Regarding this last point, I'd like to say that several leading AI companies and SpaceX choosing to go public in 2026, asking the market to absorb trillions of dollars in market cap, might just be the peak.

(Machine translation, bear with it.)