According to TechFlow, on September 12, according to Wall Street News, Nvidia CEO Huang Renxun said in a technology talk organized by Goldman Sachs that the company will expand production capacity in the fourth quarter of 2024 and continue to expand in 2025. He emphasized that customer demand for Blackwell chips is extremely strong, and every company hopes to be the first to have the product and obtain the most production capacity.
Huang Renxun predicts that the world's general data centers worth trillions of dollars will gradually be replaced by accelerated computing centers. He said that Nvidia’s advantages in algorithm optimization and architectural consistency can significantly improve customers’ total cost of ownership and competitiveness. In addition, Huang believes that generative AI technology will change the way work is done, and digital assistants and AI tools will become indispensable partners in various industries. He expects the pace of innovation in AI computing to continue to accelerate, with Nvidia expected to achieve significant improvements in performance every two years.
Influenced by Huang Renxun's remarks, Nvidia's stock price rose 8.15% to $116.9 on September 11, 2024, and its market value increased by $215.8 billion, or about RMB 1.5369 trillion. This performance not only boosted Nvidia's stock price, but also led to the rise of the entire US stock market.