Jensen Huang, Major Speech! Defining the "Token Factory" Concept, Information-Rich

Nvidia CEO Jensen Huang delivers a speech.

On Monday, March 16 (local time), the three major U.S. stock indices all closed higher, with the Dow up 0.83%, the Nasdaq up 1.22%, and the S&P 500 up 1.01%. International oil prices fell back, boosting market sentiment.

This week marks the start of the global “Central Bank Week,” as major central banks including the Federal Reserve, the European Central Bank, and the Bank of England will hold policy meetings successively.

Most popular tech stocks rose, with ARM up over 5%, Micron Technology, Microchip Technology, and Dell Technologies up over 3%, Meta, ON Semiconductor, and ASML up over 2%, Amazon up nearly 2%, Texas Instruments, Power Semiconductor, NVIDIA, Microsoft, Tesla, Google A, and Apple up over 1%; Intel and Netflix saw slight declines.

NVIDIA closed up 1.65%, with intraday gains approaching 5%. On March 16, local time, Jensen Huang, CEO of NVIDIA, delivered a keynote speech at the NVIDIA GTC conference in San Jose, California. Huang expects NVIDIA’s new generation AI acceleration chip architecture Blackwell and the next-generation Rubin products to generate at least $1 trillion in revenue by the end of 2027. This figure far exceeds Huang’s October 2025 sales forecast of $500 billion, highlighting the rapid expansion of the AI infrastructure investment wave. Additionally, he introduced the concept of “Token Factory,” stating that future data centers will no longer be just storage centers but factories producing intelligent tokens.

In terms of software and ecosystem, NVIDIA launched DLSS 5 and the “One-Click Shrimp Farming” platform NemoClaw, and announced the formation of the Nemotron alliance, collaborating with global AI labs to develop open foundational models. They also released open-source agent toolchains to help enterprises build custom AI agents. The company believes that future enterprise software will shift from traditional applications to “AI agent platforms.”

The company also demonstrated a computer using a general-purpose CPU, marking further expansion into a technology field pioneered by Intel. Huang stated that the CPU opportunity “definitely” represents a business worth billions of dollars.

Meta rose 2.33%. Meta signed a five-year agreement worth up to $27 billion with AI infrastructure company Nebius. This is one of Meta’s largest single contracts to date. Under the agreement, Nebius will provide $12 billion in dedicated computing power to Meta starting early 2027, with Meta also committing to purchase up to an additional $15 billion in capacity. This marks Meta’s significant re-investment in Nebius after a $3 billion partnership last year, underscoring its AI expansion strategy. On the day, Nebius’s stock surged 14.96%.

Most popular Chinese concept stocks rose, with the NASDAQ China Golden Dragon Index (HXC) up 0.95%. 36Kr and Tencent Music gained over 6%, Xiaomi Group (ADR), Futu Holdings, and Li Auto rose over 5%, NIO increased nearly 3%, NetEase, Hesai, and Zhihu gained over 2%, Dingdong Maicai and Miniso rose nearly 2%, Pinduoduo and Ctrip gained over 1%, while New Oriental and Xpeng Motors saw slight increases. Niu Electric dropped over 14%, Baidu and iQiyi declined over 1%.

In commodities, on Monday, WTI crude oil futures fell 4.55%, closing at $94.22 per barrel; Brent crude fell 2.06%. According to CCTV News, since the U.S. and Israel launched military strikes against Iran, shipping through the Strait of Hormuz has been nearly completely disrupted. U.S. President Trump plans to announce the formation of the so-called “Hormuz Alliance” to try to control the Strait of Hormuz and pressure European, Asian, and Gulf countries to send warships. However, so far, many countries have been cautious or explicitly refused, with no countries publicly responding to the U.S. call.

International precious metals futures generally declined, with COMEX gold futures down 1.00% at $5,011.30 per ounce, and COMEX silver futures down 0.42% at $81.00 per ounce. On one hand, the failure of the Fed’s rate cut expectations this week suppressed precious metals valuations; on the other hand, the current safe-haven support has not been fully realized, and short-term correction pressures are easing amid the tug-of-war between bulls and bears.