SANTA MONICA, Calif. — Nvidia (NVDA) founder and CEO Jensen Huang served up a blunt take on the job market as AI permeates society.
“You will not lose your job to AI, but will lose it to someone who uses it,” Huang said at the Milken Institute Conference on Tuesday.
Added Huang, “I recommend 100% take advantage of AI, don’t be that person.”
He suggested downloading software like Perplexity and OpenAI’s ChatGPT to learn more about AI use cases.
Despite the continued growth of AI in corporate America and Nvidia’s eye-popping profit increases, Nvidia investors have contended with an un-Nvidia-like 2025.
Shares are down by 15% year to date, hit by the one-two punch of the Trump administration’s crackdown on AI chip exports to China and fears of capacity overbuild in the US. The read-through to Nvidia has been that, while it will still likely have a big year financially, growth rates may not be at the stellar pace delivered in 2024.
But the first quarter results from tech giants Microsoft (MSFT), Alphabet (GOOG), and Meta (META) poked a hole in that bearish narrative. The three hyperscalers struck an upbeat tone on AI services demand and said they would continue to spend aggressively on AI-related capital expenditures.
Vista Equity Partners and high-profile tech investor Robert Smith told Yahoo Finance at Milken that the AI opportunities for many tech plays remain too good to pass up.
“Right now they do,” Smith said on whether tech valuations are currently attractive.
“In some cases, the instances are because they haven’t realized a true potential and investors haven’t realized a true potential of adopting agentic AI in these businesses. Not all of them will become a gen AI. Some will not have a right to exist because they actually haven’t done the right work and understanding and having sovereignty and dominion over the workflows and datasets,” Smith explained.
Brian Sozzi is Yahoo Finance’s Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram and on LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.
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