# Nvidia's Huang says AI growth at 'beginning' despite tech rout > Source: > Published: 2026-07-16 13:32:04+00:00 Nvidia chief Jensen Huang gave a confident projection of sustained demand for artificial intelligence Thursday as worries over how long the boom will last drag stocks down. "Most technology cycles last anywhere from 10 to 15 years before it kind of plateaus. We are at the beginning of this one," the US chip giant's CEO told reporters in Tokyo. "Is it going to flatten out? It will never go down, just as electricity never went down," he said, adding that semiconductors will be the world's largest industry, as part of its "social fabric." Tech shares in Asia and Europe extended falls Thursday, as anxiety grows among traders that the AI rally has run its course. Huang, CEO of California's Nvidia -- the world's most valuable company as governments and tech firms race to build AI data centres crammed with powerful silicon chips -- has struck several deals in Japan this week. Nvidia and Kawasaki Heavy Industries will co-develop AI-powered robots for use in shipbuilding, the Japanese firm said Thursday. The aim is to use the robots in welding, painting, inspection and material handling as part of