{"id":53014,"date":"2026-05-01T20:58:09","date_gmt":"2026-05-01T20:58:09","guid":{"rendered":"https:\/\/www.europesays.com\/people\/53014\/"},"modified":"2026-05-01T20:58:09","modified_gmt":"2026-05-01T20:58:09","slug":"thats-ridiculous-nvidia-ceo-rejects-forecast-that-ai-wipes-out-50-of-new-grad-jobs-nvidia-nasdaq","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/53014\/","title":{"rendered":"‘That’s Ridiculous’: Nvidia CEO Rejects Forecast That AI Wipes Out 50% Of New Grad Jobs – NVIDIA (NASDAQ:"},"content":{"rendered":"

Nvidia (NASDAQ:<\/a>NVDA<\/a>) CEO Jensen Huang dismissed as \u201cridiculous\u201d the forecast that AI will wipe out half of entry-level white-collar jobs, and Kalshi traders are siding with him.<\/p>\n

The platform\u2019s market on 2026 unemployment is pricing just a 34% chance the rate climbs above 5%.<\/p>\n

The Forecast Huang Rejected<\/p>\n

Huang made the comments in an interview<\/a> released yesterday with the Special Competitive Studies Project, ahead of next week\u2019s AI+ Expo in Washington.<\/p>\n

The Nvidia chief appeared to reference Anthropic CEO Dario Amodei, who warned earlier this year that AI could eliminate 50% of entry-level white-collar jobs within five years and push unemployment as high as 20%.<\/p>\n

Huang said comments like those come from CEOs with \u201ca god complex\u201d and risk steering young people away from careers the economy still needs filling.<\/p>\n

\u201cThat it\u2019s going to wipe out 50% of new college grad jobs, that it\u2019s going to completely destroy democracy. These kind of comments are not helpful,\u201d Huang said.<\/p>\n

Traders Aren\u2019t Buying The Doom Case<\/p>\n

Kalshi\u2019s pricing backs up Huang\u2019s case. Traders are giving a 34% chance<\/a> unemployment climbs above 5% next year, and the odds thin out fast from there: 15.7% for above 6%, 12.9% for above 7%, and 6.2% for above 8%.<\/p>\n

The consensus forecast sits at 3.8% and has been drifting lower since a brief spike above 5% in March, when recession chatter peaked. The contract has drawn more than $580,000 in volume.<\/p>\n

Polymarket traders are pricing the same view a touch more cautiously. Its market on US unemployment climbing above 5% in 2026 sits at 47%, down 12 points from a spike near 80% in early April, with $372,000 in volume.<\/p>\n

Software Engineers Still In Demand<\/p>\n

Huang pointed to software engineering as evidence the doom case is already misfiring. Despite years of warnings that coding jobs would vanish, Nvidia and most major tech firms are hiring more engineers than ever, he said.<\/p>\n

He drew a parallel to a decade-old prediction that radiologists would be wiped out by computer vision. The technology arrived. The radiologists are still in short supply.<\/p>\n

\u201cThe purpose of the job is not coding. The purpose of the job is to innovate, solve problems,\u201d Huang said.<\/p>\n

Huang said AI has already created more than half a million jobs in the last two years, and called it the country\u2019s best shot at reindustrializing.<\/p>\n

Image: Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"Nvidia (NASDAQ:NVDA) CEO Jensen Huang dismissed as \u201cridiculous\u201d the forecast that AI will wipe out half of entry-level…\n","protected":false},"author":2,"featured_media":53015,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[1638,3041,213,574,212,527,15597],"class_list":{"0":"post-53014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jensen-huang","8":"tag-category-markets","9":"tag-category-prediction-markets","10":"tag-cms-wordpress","11":"tag-jensen-huang","12":"tag-pageisbzpro-bz","13":"tag-symbol-nvda","14":"tag-symbol-tsm"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116501328907629437","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/53014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=53014"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/53014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/53015"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=53014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=53014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=53014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}