Jensen Huang is the man of the moment on a massive mission: to strike AI infrastructure deals with Europe. The Nvidia CEO owned multiple rooms as he rubbed shoulders with world leaders at London Tech Week and VivaTech in Paris.

Over the past five years, the charitable foundation launched by Huang and his wife, Lori, has grown from $828 million in assets to more than $9.1 billion.

Nvidia CEO Jensen Huang said the company will exclude China from its financial forecasts after U.S. export controls blocked AI chip sales, costing $2.5 billion in Q1 revenue and raising concerns about the effectiveness of U.

Jensen Huang’s reversal shows how fast sentiment can flip. Institutional money is already circling. The sector has had its flush, and now price action is stabilizing around key levels—$5 for D-Wave, $30 for IonQ. That’s classic basing behavior.

The Nvidia CEO gave his continued bullish assessment of artificial intelligence, calling it an “incredible technology” and saying it should be seen as infrastructure, just like electricity.

In his keynote speech at a conference in Paris, Huang said that the application of quantum computers in areas that can solve interesting problems is now within reach. “This is a really exciting time,” he noted. Quantum Computing Inc. (NASDAQ:QUBT) rallied alongside its peer, Rigetti Computing Inc. (NASDAQ:RGTI).

Nvidia CEO Jensen Huang seems to have changed his tune about quantum computing. | At Nvidia's first GTC Paris event, Nvidia talked about the future of hybrid quantum-classical supercomputing.

At London Tech Week, Nvidia CEO Jensen Huang claimed that AI has advanced a millionfold over the past decade, likely referencing explosive growth in GPU performance and system scale.