AI Weekly Malaysia

At Nvidia’s GTC conference in Berlin, Jensen Huang told CNBC that demand for neoclouds is “off the charts,” but the missing piece is working capital to fuel growth. He said capital demand exceeds availability and that power is a major constraint, especially in Europe where electricity prices are higher. Huang said allocating scarce energy to companies like Nebius and Mistral is crucial for their growth.

Why: Huang frames the bottleneck as working capital and, in Europe, power allocation—not demand. If you are choosing GPU providers for AI or agent workloads, treat neocloud capacity and pricing as supply-constrained; for European deployments, factor in higher electricity costs and energy-allocation risk instead of assuming demand alone will produce cheaper capacity.