Nvidia Corp. stock strengthened over multiple sessions in late September 2026 as CEO Jensen Huang publicly rejected doomsday scenarios for artificial intelligence and argued against new AI regulations. On Monday, the stock rose about 1%, and by Wednesday it climbed another 1.6% to $215.65, supported by a broader AI-related rally.
At a Salesforce conference in San Francisco, Huang said there is a “0% chance” that AI will cause human extinction by 2030, called safety “an engineering problem,” and insisted existing laws are sufficient. “If you build a product or a service and you’re not confident in its functionality, capability, or safety, then don’t release it,” Huang said. “The market forces are already there. We don’t need any new laws. We don’t need new regulations.”
His stance puts him at odds with Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and Elon Musk, who have called for a slower pace of frontier AI development. Meta CEO Mark Zuckerberg sided with Huang, saying AI labs already have incentives to train models safely. The White House also aligned with Huang: Treasury Secretary Scott Bessent and AI adviser David Sacks praised his remarks, and President Trump had called Huang during a summit appearance to push back against an AI slowdown.
Meanwhile, a proposed class-action lawsuit in federal court in California accuses Anthropic, OpenAI, Google and SpaceXAI of illegally coordinating to slow AI development. Four paying AI users claim the alleged coordination violates Section 1 of the Sherman Act. Nvidia is not a defendant, and the allegations remain unproven.
The AI regulation debate matters for Nvidia because restrictions on AI chip purchases or data-center construction could hurt its core business. Nvidia reported revenue of $96.22 billion in its most recent quarter, up 105.9% year over year, and EPS of $2.22 versus estimates of $2.09. Nvidia’s market capitalization stands near $5.48 trillion, institutional ownership is about 65.27%, and 55 analysts maintain an average Buy rating with a consensus price target of $324.34. The company also reportedly agreed to acquire Hugging Face for roughly $12.9 billion, while insiders sold about $392.7 million of stock in the past 90 days. Nvidia declared a quarterly dividend of $0.25 per share, payable October 1.
