NVIDIA CEO: Will expand production capacity in Q4, predicting that innovation in AI computing will accelerate
On September 11, NVIDIA CEO Huang Renxun expressed the huge demand for AI chips in the market, saying that it will expand production capacity in the fourth quarter. Boosting market confidence again, NVIDIA rose 8%, the market value increased by 250 billion US dollars, the largest one-day increase in six weeks, Nasdaq also turned up under the promotion of NVIDIA, closing up more than 2%.
Huang Renxun told David Solomon in a technology talk organized by Goldman Sachs that customer demand for the latest generation of Blackwell chips is strong, and Nvidia will expand production capacity in the fourth quarter.
"Customer demand for Blackwell is so great that all companies want to be the first to own it, everyone wants to have the most capacity, everyone wants to lead." Huang Renxun said that Nvidia's advantages in algorithm optimization and architectural consistency can greatly improve the total cost of ownership and competitiveness of customers.
Huang Renxun also predicted that the pace of innovation in the field of AI computing will continue to accelerate, and by developing a variety of chips and technology combinations, NVIDIA will achieve significant performance improvements every two years, maintaining its leadership position in the market.
With Huang Renxun's speech, Nvidia's share price rose continuously, reaching a new high in late trading, rising as much as 8.4% to above $117, and the intraday amplitude reached as high as 9%.
Driven by the rise of NVIDIA, the S & P 500 index fell by 1.6% at the beginning of the session and rose by more than 1%; the Dow index rose by 0.3%, returning to the 40,000 point integer; the Nasdaq index fell by 1.4% and rose by more than 2%, with an intraday amplitude of 3.8%.