This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA) shares climbed about 1% on Thursday after Chief Executive Jensen Huang said the global push into artificial intelligence is likely to create high-paying trade jobs, according to a press release tied to his remarks at the World Economic Forum in Davos.
Huang said the rapid buildout of AI data centers and chip manufacturing plants is driving demand for skilled labor such as electricians, plumbers, steel workers, network technicians, and equipment installers.
He noted wages in these fields are rising sharply, with some roles now offering six-figure salaries as companies expand chip factories, computer facilities, and AI-focused infrastructure.
Huang’s comments come as AI investment accelerates worldwide, even as concerns grow about automation and job losses in white-collar roles. Several large employers, including Amazon (AMZN), Salesforce (CRM), Accenture (ACN), and Lufthansa (LHA), cited AI adoption as a factor behind workforce reductions in 2025.
The Nvidia chief struck an optimistic tone, suggesting AI-related growth could broaden economic opportunities beyond software engineering. He said many of the new roles do not require advanced academic degrees and instead rely on skilled trade expertise.
Investors appeared encouraged by the remarks, which reinforce expectations that AI spending will continue to drive demand across hardware, infrastructure, and related services.