Nvidia CEO Jensen Huang said artificial intelligence is rapidly evolving into a foundational layer of modern infrastructure, reshaping industries, economies, and the global technology race. In a blog, Huang highlighted how the technology now functions more like a critical utility, similar to electricity or the internet, requiring massive investments in hardware, energy generation, and data infrastructure. He described the AI ecosystem as a stack composed of five interdependent layers: energy, semiconductor processors, infrastructure including data centers and cooling technologies, AI models, and applications. The remarks come ahead of Nvidia’s GTC conference next week, scheduled to take place between March 16 and March 19, where investors expect updates on AI chip demand and supply constraints. Truist reiterated its ‘Buy’ rating on Nvidia shares and maintained a $283 price target ahead of the event, anticipating discussions on chip supply, production capacity, and demand trends. Nvidia stock inched 0.2% lower in Tuesday’s premarket. On Stocktwits, retail sentiment remained in ‘bearish’ territory amid ‘low’ message volume levels.