NVIDIA (NVDA) CEO Highlights AI Future Amid Mixed Chip Stock Performance

Oct 09, 2024

Chip stocks experienced varied movements recently. Super Micro Computer (SMCI) saw a notable rise of over 5.6%, while NVIDIA (NVDA, Financial) experienced a slight increase of 0.4%. In contrast, Micron Technology (MU) decreased by more than 1.5%, AMD (AMD) fell by 0.9%, and TSMC (TSM) declined by 0.6%.

NVIDIA's CEO, Jensen Huang, discussed the future of artificial intelligence, emphasizing that it will be driven by services capable of "reasoning." However, he noted that achieving this level of AI will require a reduction in computing costs. Additionally, Huang stated that NVIDIA aims to double or triple chip performance annually, within the same energy and cost parameters, to support these advancements.

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