Nvidia CEO Jensen Huang told analysts on Wednesday's earnings call that OpenAI and Anthropic "will likely go public soon, and others will follow." [1]

Huang made the forecast while defending Nvidia's growing stack of equity stakes in AI labs, including its roughly $30 billion investment in OpenAI earlier this year. "Investing in these companies are a once-in-a-generation opportunity," he said. "The only regret that I have is that I didn't invest more and sooner." [1]

The comment came inside a results call that beat expectations on every major line: Nvidia posted $96.22 billion in quarterly revenue against $92.17 billion estimated, and guided to 70 percent fiscal 2028 revenue growth against Wall Street's 44 percent forecast. [1] Nvidia is not a disinterested observer of OpenAI's and Anthropic's timelines — it sells both companies the chips their businesses run on and holds equity that an IPO would help value and potentially let it monetize.

CNBC's live coverage placed Huang's IPO remark alongside the day's other headline: Amazon Web Services agreeing to buy 2 million Nvidia GPUs, plus what Huang called "millions" of Nvidia's new Vera CPUs. [1] Neither the earnings release nor the surrounding coverage flagged the vendor-investor overlap as a caveat on the forecast itself.

-- THEO KAPLAN, San Francisco