Nvidia CEO Huang on Blackwell Sales, Vera Rubin and China

I said sales are off the charts for Blackwell. And GPUs in the cloud are sold out. We got plenty of Blackwells to sell you. We have lots of Blackwells coming. We're making a lot of Blackwells. And we have a bunch of Vera Rubin coming. And so business is very, very strong. But we've planned our supply chain incredibly well. We have the largest supply chain in the world, our partners, TSMC, our memory partners, SK Hynix, Micron, Samsung are doing a fantastic job supporting us and all of our systems partners, Foxconn and Quanta and Wistron are packaging partners. Everybody is doing a fantastic job supporting us and we've done a good job planning for a very, very strong year and we've done a good job planning for Vera Rubin. So sales are off the charts. Nvidia GPUs in the cloud is sold out, but we've got a bunch of Blackwells to sell.

Well, the silicon for Vera Rubin, seven different chips are back in our labs and the bring up is happening across engineering teams. Probably a couple of 20,000 people are working on bringing up Vera Rubin from silicon to systems, the software to algorithms. People are working around the clock and the bring up is going beautifully. We're on track to deliver Vera Rubin about Q3 timeframe of next year. Continuing our once a year cycle, Vera Rubin is already assured a huge success. Everybody's incredibly excited about it. Can't wait to show everybody. And then one last thing is that the rack architecture, the rack scale architecture is completely revolutionary. It includes a scale up switch called the NVLink 72. Our fifth generation is the only one of its kind in the world. This rack architecture, which is incredibly complex, started with Grace Blackwell, then Grace Blackwell Ultra. It is transition to Grace Blackwell Ultra is incredibly seamless. The same rack, rack scale architecture is going to be used for Vera Rubin. And so the supply chains are used to it. This complexity that we enjoyed with Grace Blackwell transition are now incredibly smooth running. And so I think Vera Rubin is going to be just really smooth and we're going to ramp it really hard.

The most important thing, she said, is that we've said for some time now. Our forecast for China is zero. All of our forecast, that guidance that we showed, zero we should start, that's the most important thing that she said. She also said that effectively China is a very important market to us. It's very important to the United States. It's very important to China. We would love the opportunity to be able to reengage the Chinese market with excellent products that we deliver and to be able to compete globally. The Chinese market is very large this year. My guess is probably about $50 billion. It's great for the American people that we're able to compete in the Chinese market. It's great for the China market that we're able to provide and various technology to them. It's great for the rest of the world as Chinese software companies and Chinese open source models leave China and are used all over the world. And so I think it's fantastic that we're able. It would be fantastic if we're able to participate in the China market. But for now, we should just assume the market are in various forecasts for China, market is zero. We're going to continue to engage the U.S. government, continue to engage the China government to advise them and to encourage them to allow us to go back and compete in the open market. And so until then, we should assume zero.