News > Text

Last night, Jensen Huang gave a psychological boost that invigorated the entire U.S. stock market! NVIDIA's stock price soared by 8.15%.

2024-09-12


On Wednesday, September 11th, NVIDIA CEO Jensen Huang delivered a speech at the Goldman Sachs Communacopia Technology Conference,

 stating that the company's AI (Artificial Intelligence) chips are becoming the hottest commodity in the tech industry, with demand for NVIDIA 

chips being "unbelievably" high. The limited supply has sparked fierce competition: "Our customers may be emotionally charged right now.

 It's understandable; the situation is tense. We are doing our utmost to cope."


Huang's remarks had a strong uplifting effect on the market. NVIDIA's stock price rose by 8.15% in response, marking the largest increase in six weeks, 

with a total market value of $2.87 trillion. Led by NVIDIA, the semiconductor sector saw widespread gains, with the Philadelphia Semiconductor Index

 rising by more than 5%, ARM surging over 10%, Broadcom jumping over 8%, and TSMC increasing by over 4%.


The enthusiasm in the capital market is not just due to the AI craze but also stems from the technological innovations behind NVIDIA.


Huang emphasized that with the slowing of Moore's Law, the performance improvements of traditional Central Processing Units (CPUs) have nearly reached their limits.


Against this backdrop, NVIDIA is driving the global data centers to transform towards a more efficient and modern direction through its accelerated computing architecture. 

This revolutionary technological advancement enables application runtimes to be hundreds of times faster, marking a new stage in global tech competition.


NVIDIA's driving capability is not accidental but the result of the combined effects of multiple factors. Firstly, with the rapid advancement of key technologies

 such as AI, GPUs, and cloud computing, NVIDIA, as an industry leader, has become increasingly evident in technological innovation. Especially in the 

field of deep learning, NVIDIA's GPU architecture has become the preferred platform for many enterprises and research institutions to train complex neural 

networks due to its excellent parallel processing capabilities. In addition, the development of generative AI and autonomous driving technology has also greatly increased the demand for GPUs.


Amidst the global chip supply shortage, NVIDIA has not only maintained high demand for its products but also continued to lead in technological innovation. 

The company is at the forefront of the industry in areas such as GPU design, chip manufacturing technology, and AI accelerators. At the same time, 

NVIDIA is also actively deploying future technologies such as high-performance computing and quantum computing to ensure that it continues

 to maintain its leadership in the next generation of computing architectures.


Furthermore, NVIDIA's expansion in the data center and cloud computing fields has also played a key role in its market value growth. With the surge

 in the number of internet services and applications, the global demand for data processing and storage is continuously increasing, and cloud computing 

has become an increasingly preferred solution for enterprises and institutions. NVIDIA, leveraging its powerful GPU technology, has not only provided data 

centers with strong computing power but also brought significant cost benefits to customers in various application scenarios. 

These factors have collectively driven a substantial increase in NVIDIA's market value.


Jensen Huang tells us that in the next decade, NVIDIA will change the status quo with accelerated computing. This architecture will not 

only double the speed of core applications such as SQL but also significantly reduce energy consumption, bringing an efficiency revolution to global data centers.