Jensen Huang Says Nvidia Is Not Just A Chipmaker, Puts $2T Valuation Up Against $100T AI Opportunity
Portfolio Pulse from Adam Eckert
NVIDIA Corp's CEO, Jensen Huang, emphasized at the GTC2024 event that Nvidia is more than a chipmaker, focusing on accelerated computing. He highlighted the potential of AI to transform industries, valuing the opportunity at $100 trillion. Nvidia announced its next-generation Blackwell GPU, aiming to revolutionize computing efficiency and reduce energy usage. Despite a year-to-date stock increase of 75%, NVDA shares were down 2.27% at the time of publication.
March 19, 2024 | 4:39 pm
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Nvidia's CEO Jensen Huang redefines the company as an accelerated computing leader, not just a chipmaker, with the Blackwell GPU set to transform computing. Despite a 75% YTD increase, NVDA shares fell 2.27%.
The announcement of Nvidia's focus on accelerated computing and the introduction of the Blackwell GPU, alongside the potential $100 trillion AI market opportunity, positions NVDA for significant growth. However, the short-term stock price dip reflects market volatility or profit-taking rather than a negative outlook.
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