On September 11, Nvidia CEO Huang Renxun expressed the huge demand for AI chips in the market and said that it would expand production capacity in the fourth quarter. Boosting market confidence again, Nvidia surged 8%, and its market value increased by $250 billion, creating the largest single-day increase in six weeks. Driven by Nvidia, the Nasdaq also stopped falling and turned up, closing up more than 2%.
Huang Renxun told David Solomon in a technology talk organized by Goldman Sachs that customers have strong demand for the latest generation of Blackwell chips, and Nvidia will expand production capacity in the fourth quarter.
"Customers have too much demand for Blackwell, and all companies want to be the first to have it, everyone wants to have the most production capacity, and everyone wants to be ahead." Huang Renxun said that Nvidia's advantages in algorithm optimization and architectural consistency can greatly improve customers' total cost of ownership and competitiveness.
Huang Renxun also predicted that the pace of innovation in the field of AI computing will continue to accelerate. By developing a variety of chips and technology combinations, Nvidia will achieve a significant performance improvement every two years and continue to maintain its leadership in the market.
As Huang Renxun spoke, Nvidia's stock price continued to rise, hitting a new high at the end of the day, rising 8.4% to over $117, with an intraday fluctuation of up to 9%.
Driven by Nvidia's surge, the S&P 500 index rose more than 1% from a 1.6% drop at the beginning of the session; the Dow Jones Industrial Average rose 0.3% and returned to the 40,000-point mark; the Nasdaq rose more than 2% from a 1.4% drop, with an intraday fluctuation of 3.8%. (Xinhua Finance)
Miyuki
