The article discusses NVIDIA’s CEO Jensen Huang’s visit to Taiwan and his optimism about the company’s future in the AI chip market. Huang emphasized Taiwan’s importance in NVIDIA’s supply chain and praised the country’s semiconductor manufacturing capabilities. He revealed plans to invest $35 billion in Taiwan over the next few years to expand AI chip production. NVIDIA’s stock hit a record high after Huang’s comments, reflecting investor confidence in the company’s AI strategy. The article highlights NVIDIA’s dominance in the AI chip market, with its GPUs being widely used for AI training and inference. Huang believes AI will drive the next wave of computing and that NVIDIA is well-positioned to capitalize on this trend with its cutting-edge chips. The company’s focus on Taiwan underscores the island’s critical role in the global semiconductor supply chain.
Source: https://www.businessinsider.com/nvidia-jensen-huang-taiwan-record-high-stock-market-ai-chips-2024-5