On Aug. 26, Nvidia CEO Jensen Huang Will Provide an Update on Nvidia's $1 Trillion GPU Opportunity. But There's a Smaller Part of the Business Investors Shouldn't Overlook

NVDA CEO Jensen Huang will update investors on August 26 when the company reports earnings, with focus split between the $1 trillion GPU opportunity from Blackwell and Vera Rubin platforms and a less-noticed CPU opportunity for agentic AI. Huang projects the CPU business could generate $20 billion in revenue this year and address a $200 billion total addressable market.

Bank of America analysts expect the CPU market to grow fivefold to $170 billion by 2030, positioning it as a significant growth driver alongside NVDA's dominant GPU franchise. The CPU opportunity targets agentic AI workloads, a distinct addressable market from the GPU-driven training and inference infrastructure that has powered NVDA's recent surge.

The August 26 earnings call will likely provide detail on both platform ramps, with Blackwell shipment timing and adoption metrics expected to dominate sell-side questions. The $20 billion CPU revenue projection for this year represents material upside to consensus if execution meets Huang's timeline.