Jensen Huang criticizes hyperscalers for slow infrastructure planning, says neoclouds will eat their lunch

Jensen Huang has a message for the biggest cloud companies on the planet: your planning process is broken, and a swarm of smaller competitors is about to prove it. Speaking at the All-In Summit, the NVIDIA CEO took aim at the rigid annual infrastructure planning cycles used by hyperscalers like Amazon, Microsoft, Google, and Meta. His core argument is straightforward. These companies plan their data center buildouts once a year, but the AI market moves so fast that those plans are, in his words, “almost always wrong.” The case against annual planning Huang’s critique hits at a structural problem that gets more painful as the AI boom intensifies. Hyperscalers are projected to spend roughly $800 billion in capital expenditures during 2026, with that figure ballooning to approximately $1.3 trillion in 2027. When you lock in infrastructure plans on an annual cadence, you’re essentially placing a massive bet on what demand will look like 12 to 18 months from now. The constraints aren’t just financial, either. Power availability, land acquisition, and construction timelines all create bottlenecks that compound the problem. Enter the neoclouds Huang’s proposed solution is a new category h...