Quick Read – Nvidia (NVDA) reported Q1 FY2027 revenue of $81.6B, up 85% year-over-year, with Data Center revenue hitting $75.2B and Data Center Networking surging 199%, driven by accelerating AI infrastructure buildout and agentic AI deployments generating real value across…
terprises. – CEO Jensen Huang argues that AI’s productivity multiplier is spurring companies to hire more software engineers rather than reduce them, contradicting widespread concerns about AI-driven job losses. – The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE
Jensen Huang is pushing back hard on the idea that AI is gutting software engineering jobs. Speaking with Bloomberg on June 1, the CEO of NVIDIA (NASDAQ:NVDA) called the prevailing narrative around AI-driven layoffs “Complete nonsense” and argued that the productivity unlocked by agentic AI is pushing companies to hire more engineers. What Huang Actually Said Huang’s message on Bloomberg was blunt. “The number of engineers, software engineers, is actually increasing,” he said, before adding, “People talk about AI reducing jobs.
Complete nonsense.” The economic logic he laid out hinges on the productivity multiplier that AI tools give a single engineer. “If you can hire a software engineer and you could generate $9 trillion worth of productive work, why wouldn’t you want to hire more software engineers?” Huang asked. He continued: “Because the output is so incredible, people want to hire more software engineers. This is going to show up in our economy somehow soon.” The analyst who called NVIDIA in 2010 just named his top 10 stocks.