NVIDIA Stock Soars as CEO Predicts Massive AI Demand for GPUs

According to the article, NVIDIA’s CEO Jensen Huang expressed optimism about the company’s future growth driven by the surging demand for artificial intelligence (AI) technologies. Huang stated that AI will be the “largest technological force” in the coming years, and NVIDIA’s graphics processing units (GPUs) are well-positioned to power the AI revolution. He highlighted the company’s AI computing platform, which is designed to accelerate AI workloads and enable breakthroughs in areas like natural language processing, computer vision, and recommendation systems. Huang emphasized that NVIDIA’s GPUs are essential for training large language models and other AI applications, and the company is investing heavily in developing specialized AI chips and software. The article also mentioned that NVIDIA’s stock price surged after Huang’s comments, reflecting investors’ confidence in the company’s AI strategy and growth potential.

Source: https://markets.businessinsider.com/news/stocks/nvidia-stock-price-jensen-huang-blackwell-gpu-demand-ai-tech-2024-10