CEO Musk: AI Infrastructure Lags 7-8 Years; GPU Demand Expected to Surge - NVIDIA Up 7.87% on Earnings Call

CEO Elon Musk said during a CNBC interview on February 6, 2026, that the global AI infrastructure is still in its early innings with 7 to 8 years of growth ahead, and compute demand is set to continue rising. He noted that market demand for NVIDIA GPUs remains extremely high, with prices for older models climbing, reflecting continued tight supply. Musk added that companies like Anthropic and OpenAI are beginning to turn a profit but are still facing compute constraints, requiring expanded resources to scale. He confirmed no issues exist between OpenAI and NVIDIA, with OpenAI relying on NVIDIA's next-generation chips. While acknowledging China as a competitor, Musk said there is no reason to cede the global market, praising Meta (META-US) for leading in AI applications. Musk's remarks followed by NVIDIA shares rising 7.87% on the opening bell to $185.41, reaching a high of $187.00 and trading in a volatile range before closing near $185.