On June 25th, according to CNBC, Nvidia (NVDA. O) held its annual shareholder meeting early Thursday morning Beijing time. Nvidia CEO Huang Renxun stated at the shareholders' meeting that there is already an answer to the question of AI investment return rate. Huang Renxun emphasized that AI data centers are factories of tokens, which can be transformed into code, answers, designs, actions, and services. Therefore, each token is a profit unit. Huang Renxun said, "NVIDIA's system may not be the cheapest, but NVIDIA generates the lowest cost of keywords, the highest throughput of keywords, and the highest revenue." In addition to AI factories, Huang Renxun also refers to "physical AI" as the next wave of growth. He believes that robots, cars, and factories will become intelligent agents in the real world, capable of sensing, reasoning, planning, and acting autonomously. Huang Renxun also expressed optimism about the long-term growth rate and ASIC impact, emphasizing that "this round of construction will be measured on a scale of decades" and that Nvidia's infrastructure can provide "the best inference economy".