This week’s Stratechery Interview is running early this week, as I had the chance to speak in person with Nvidia CEO Jensen Huang at the conclusion of his GTC 2026 keynote, which took place yesterday in San Jose. I have spoken to Huang four times previously, in May 2025, March 2023, September 2022, and March 2022.
In this interview we talk about a keynote that came across like a bit of a history lesson, and what that says about a company that still feels small even as it’s the most valuable in the world, as well as what has changed in AI over the last year. Then we discuss a number of announcements that might feel like a change in approach (although Huang disagrees), including Nvidia’s burgeoning CPU business and the Groq acquisition. Finally we discuss scarcity in the AI stack and how that affects Nvidia, the China question, and Huang’s frustration with doomers and their influence in Washington.