NVIDIA CEO Jensen Huang addressed market skepticism regarding the return on investment in AI infrastructure during interviews with Bloomberg and the BG2 podcast on October 15, ET. He began by endorsing AI infrastructure provider CoreWeave, stating it "doesn't need NVIDIA to backstop it" and that "the cost of capital is actually coming down." This statement helped CoreWeave's stock close up 5.94% against the market trend that day. Huang further elaborated in the interview that betting trillions of dollars in hashrate construction on the revenue of just two AI labs is "asking the wrong question." He broke down NVIDIA's hashrate demand into three roughly equal segments: about one-third for foundational computing unrelated to AI labs, about one-quarter to one-third for frontier lab demand (involving five or six labs, not just two), and another one-third for thousands of startups renting hashrate. He projected that annual AI infrastructure construction would reach $3-4 trillion by the end of this decade, potentially reaching $10 trillion in the long term.