secretstalks
At a recent Goldman Sachs technology conference in San Francisco, Nvidia Corp. CEO Jensen Huang discussed the challenges and opportunities facing his company amid high demand for their products. Huang acknowledged that the intense rush for Nvidia’s limited supplies has led to considerable customer frustration and increased tensions, but reassured the audience that the company is working diligently to manage the situation.
Nvidia’s latest chip generation, known as Blackwell, is experiencing unprecedented demand. Since Nvidia outsources the physical manufacturing of its hardware, the company’s vendors are currently working to keep up with this surge in demand.
Nvidia’s chips play a critical role in data centers that develop and operate artificial intelligence models, which has significantly boosted both sales and stock prices. The company’s shares have more than doubled this year, adding to a 239% increase in 2023. On Wednesday, Nvidia’s stock saw its largest single-day rise in six weeks, climbing 8.1% to $116.91.
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