After a phase of slight losses, NVIDIA CEO Jensen Huang generated optimism and reassured investors at the Goldman Sachs Communacopia + Technology Conference in San Francisco. Huang emphasized that the company is under significant pressure due to the enormous demand for AI products, but remains confident in overcoming these challenges.
Despite a roughly ten percent drop in recent weeks, the company remains on a successful path as NVIDIA's stock has already risen an impressive 136 percent on the NASDAQ so far this year. However, uncertainties regarding the new "Blackwell" chip system and its production schedule have recently raised doubts among investors.
Huang made it clear that AI goes far beyond the manufacturing of semiconductors, and that NVIDIA plays a key role in a comprehensive ecosystem that includes cloud providers and developers. He particularly highlighted the importance of TSMC, NVIDIA's leading supplier, and emphasized the stability of the Asian supply chain, despite potential geopolitical risks.
The positive assessment by the CEO led to a strong surge in NVIDIA's stock price: On Wednesday, the value increased by 8.15 percent to $116.90, followed by a further rise of 1.92 percent to $119.14 on Thursday.
