Dell CEO Michael Dell and Nvidia CEO Jensen Huang say supply chain constraints are still the biggest bottleneck to AI growth, even as demand surges worldwide, including in China. Speaking with Bloomberg News&#x27; Ed Ludlow at Dell World in Las Vegas, Huang says demand in China is “incredible” and expects the market to open further over time.<br>See omnystudio.com/listener for privacy information.

Nvidia CEO Jensen Huang & Dell CEO Michael Dell on Agentic AI, Memory Demand and China

Bloomberg Intelligence

# Full Transcript

**Podcast:** Bloomberg Intelligence

## Participants

- **Michael Dell** (Dell Technologies)
- **Jensen Huang** (NVIDIA)

## Transcript

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Michael, in the corner gone, 1,000 new clients for AI Server, for AI Factory. It's a hell of a chunk. What is it that those new clients, 5,000 total, are actually building now different to one year ago? I think that's probably a good place to start. I think the change we see is it's kind of new from testing and evaluating into production. And we showed some great examples on stage, right?

With Eli Lilly with 1,000 GPUs. In the physical world. It's Samsung. And these are not things that are on the screen, right? This is in the real world with the largest companies in the world. And so it's propagating broadly across all customers in every industry, in every country. And, you know, you see the improvement in all the models. And now we have the agentic capabilities.

And so while it is exciting and there's been a tremendous amount of growth, I still think it's just the beginning of this wave, particularly when it comes to enterprise, which is really where, you know, we have an enormous opportunity. What's so fascinating, Jensen, is you spent four years telling me that we needed to change the definition of the computer in a context of accelerating computing. But the big focus was on the hyperscalers, right? Cloud.

What I took from Michael's presentation was this is happening, you said, locally, but on trend. What's the NVIDIA interpretation of that part of this cycle? Intelligence has to be performed, produced at the point of context. And so wherever the context is, wherever the action is, that's where you want to produce the intelligence. For most of the early applications of AI,...

Nvidia CEO Jensen Huang & Dell CEO Michael Dell on Agentic AI, Memory Demand and China

Transcript

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Every day you wait, your competitors are finding
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Nvidia CEO Jensen Huang & Dell CEO Michael Dell on Agentic AI, Memory Demand and China

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.