Nvidia CEO Jensen Huang on Wednesday dismissed concerns about an end to a spending boom on artificial intelligence chips and said opportunities will expand into a multi-trillion-dollar market over the next five years.

Despite Huang's upbeat view on AI demand, shares of the chip designer fell 1.56% to $178.77 in premarket trading on Thursday as the company's tepid third-quarter sales forecast disappointed investors. The sales outlook excluded potential revenue from China, underscoring uncertainty caused by Sino-US trade tensions.

Huang sought to reassure investors rattled by indications of slowing growth at the chipmaker at the center of the investment frenzy. His bullish outlook contrasts with recent signs of fatigue in AI-focused stocks and comments from industry leaders about overheate

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