Nvidia CEO Jensen Huang rips 'the Band-Aid off' as AI chip giant resets expectations

Center: <a href="https://www.axios.com/2026/08/27/altman-huang-lutnick-chapel-hill-g20-trade" rel="noopener nofollow">Lutnick to host Altman, Huang at G20 Innovation Ministerial in Chapel Hill — www.axios.com
Center-Left: <a href="https://www.theverge.com/ai-artificial-intelligence/985597/jensen-huang-says-nvidia-achieved-senseless-agi" rel="noopener nofollow">Jensen Huang says Nvidia achieved AGI, again — not that it matters — www.theverge.com

Source: www.foxbusiness.com · Section: business-tech · Bias: Right · Published: Thu, 27 Aug 2026 10:00:44 GMT

Nvidia CEO Jensen Huang says the company decided to "rip the Band-Aid off" on gross margins, resetting expectations to 72%-73% for next year.