Nvidia CEO Praises Elon Musk and Predicts Tesla's Optimus Robot as Next Multi-Trillion Dollar Industry

Nvidia chief calls Elon Musk an 'extraordinary engineer', says Optimus robot will be next big thing

Despite recent geopolitical challenges, including US restrictions on chip exports to China, Nvidia has continued to post strong financial results. For the most recent quarter, it reported revenue of $44.1 billion, up 69% year-on-year, with net income rising 26% to $18.78 billion. Nvidia CEO Jensen Huang has heaped praise on Tesla chief Elon Musk, calling him an "extraordinary engineer" and highlighting the companies' growing business ties. In an interview with Bloomberg Television, Huang said Tesla and xAI are among Nvidia's biggest customers. "We do a lot of business with Tesla and xAI. Elon is an extraordinary engineer. We're going to build many more computers together. His self-driving car, his Optimus robot, every single one of them world class and revolutionary; the Optimus opportunity is just around the corner," he said. Huang went on to describe the potential of humanoid robots as a transformative force in technology. "It's very likely that humanoid robots are going to be robots we can deploy into the world relatively easily, and this is the first robot that has a chance to achieve the high volume and ... scale to advance technology. I think this is likely the next multi-trillion-dollar industry," he said. Musk recently told CNBC that Tesla and xAI will continue buying chips from Nvidia, AMD and potentially other chipmakers. Last year, he asked Nvidia to prioritise GPU shipments to xAI over Tesla, highlighting the rapid growth of his AI ventures. Despite recent geopolitical challenges, including US restrictions on chip exports to China, Nvidia has continued to post strong financial results. For the most recent quarter, it reported revenue of $44.1 billion, up 69% year-on-year, with net income rising 26% to $18.78 billion. While revenue beat Wall Street expectations, profit came in slightly below forecasts. The company said US export curbs would cost it $4.5 billion in lost sales to China, but it still expects revenue to grow 50% in the current quarter to $45 billion, driven by rising demand for its latest AI chips.

Tesla gets a big shoutout from Jensen Huang, says this Elon Musk product is the next trillion-dollar industry

Nvidia CEO Jensen Huang is very optmistic about Musk's most ambitious creations, Tesla's Optimus humanoid robot, because, according to him, it could be the first to reach mass adoption and become a multi-trillion-dollar industry, as per a report. During an interview with Bloomberg, when Huang was asked about Tesla's growing relationship with Nvidia and its potential in robotics, artificial intelligence, and autonomous systems, he praised Musk and called him "an extraordinary engineer," reported Benzinga. He even shared that, "I love working with him," and added, "We've built some amazing computers together. We're going to build many more computers together," as quoted in the report. ALSO READ: Inside the explosive fallout between Elon Musk and Donald Trump -- how their bromance shattered Huang highlighted that Musk's ventures, like Grok, self-driving car initiatives and the Optimus robot, are world-class, revolutionary and full of massive potential, according to Benzinga. He then spoke about Optimus and mentioned, "This is the first robot that really has a chance to achieve the high volume and technology scale necessary to advance technology," adding, "I think this is likely to be the next multi-trillion dollar industry," as quoted in the report. Earlier this year, Musk had revealed that his EV giant has planned to produce several thousand units of its Optimus humanoid robot in 2025 for use internally, and after gaining feedback from these deployments, it will develop the next version, which is expected to launch in 2026, as per Benzinga. How is Nvidia involved with Tesla? Nvidia provides the computing power behind Tesla's AI and autonomous driving systems and likely will for robots too. Why does Huang admire Elon Musk? He calls Musk "an extraordinary engineer" and says they've built powerful computing systems together, with more projects on the way.

Tesla's Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: '... Likely To Be The Next Multi-Trillion Dollar Industry' - NVIDIA (NASDAQ:NVDA), Tesla (NASDAQ:TSLA)

Nvidia Corp. NVDA CEO Jensen Huang said that he believes Tesla Inc.'s TSLA Optimus humanoid robot could be the first to reach mass adoption and trigger a multi-trillion-dollar industry. What Happened: Speaking with Bloomberg News on Wednesday, Huang was asked about Tesla's expanding relationship with Nvidia and its potential in robotics, artificial intelligence and autonomous systems. In response, Huang praised Elon Musk and called him "an extraordinary engineer." "I love working with him," he said, adding, "We've built some amazing computers together. We're going to build many more computers together." See Also: Alphabet 'Well Positioned' For Google Search Dominance: Analyst Says Can 'Navigate The Shift To AI Search' What Musk is doing across his ventures, including Grok, his self-driving car initiatives and the Optimus robot, Huang described as world-class, revolutionary, and full of massive potential. He then underscored Optimus, saying, "This is the first robot that really has a chance to achieve the high volume and technology scale necessary to advance technology," adding, "I think this is likely to be the next multi-trillion dollar industry." Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. Why It's Important: Earlier this year, Musk said Tesla plans to produce several thousand units of its Optimus humanoid robot in 2025 for using it internally. Feedback gained from these deployments will help shape the next version, expected to launch in 2026. Meanwhile, on Wednesday, Nvidia also reported first-quarter revenue of $44.1 billion, marking a 69% increase year-over-year and a 12% rise from the previous quarter. The results surpassed Wall Street's consensus estimate of $43.2 billion. Nvidia has issued guidance for second-quarter revenue at $45.0 billion, plus or minus 2%. This outlook factors in an $8.0 billion loss in H20 revenue resulting from export restrictions. Price Action: Nvidia shares climbed 5.14% in the pre-market session on Thursday, according to Benzinga Pro. Meanwhile, Benzinga Edge Stock Rankings awarded NVDA an impressive growth score of 98.75%. Click here to see how it compares to other top-performing stocks like Tesla. Check out more of Benzinga's Consumer Tech coverage by following this link. Read Next: Why Google's Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: 'I Have Quite A High Bar' Photo courtesy: Shutterstock NVDANVIDIA Corp$142.966.05%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum74.09Growth98.75Quality94.27Value6.53Price TrendShortMediumLongOverviewTSLATesla Inc$366.802.77%Market News and Data brought to you by Benzinga APIs